Spot rubber prices rule steady

Print this page Posted on : 07-03-2009 by recycleinme.com

Spot rubber closed unchanged on Thursday. According to sources, the market activities were in an extremely low key as there were no quantity buyers or sellers in the main marketing centres. Sheet rubber was quoted steady at Rs 98 a kg while intensified rains and supply concerns kept most of the traders rather inactive during the session.

Futures improve

RSS 4 improved at its July futures to Rs 97.40 (96.71), August to Rs 94.23 (93.70), September to Rs 91.45 (91) and October to Rs 90.35 (89.50) a kg on National Multi Commodity Exchange (NMCE). The July futures for RSS 3 finished at ?157.9 (?155.6) (Rs 78.30), August at ?157.2 (?154.9), September at ?155.1 (?154.9), October at ?155.2 (?155), November at ?156.4 (?156.5) and December at ?157.7 (?158.7) a kg during the day session on TOCOM. The grade closed at ?157.9, ?156.3, ?155.5, ?154.8, ?156 and ?158.1 a kg consecutively during the night session. RSS 3 was marginally firm at Rs 80.49 (80.13) a kg at Bangkok. It closed at Rs 80.34 (80.17) a kg on Singapore Commodity Exchange (SICOM).

Spot rates were (Rs/kg): RSS-4: 98 (98); RSS-5: 96 (96); ungraded: 93 (93); ISNR 20: 90.50 (90.50) and Latex 60 per cent: 88 (88).

Source : Business Line