Spot rubber rules firm

Print this page Posted on : 07-30-2009 by recycleinme.com

Kottayam, July 29

The physical rubber prices finished almost unchanged on Wednesday. The market sustained at current levels on supply concerns though the reports from the domestic and international futures were not favourable. Sheet rubber, the only loser of the day slipped marginally by 25 paise to Rs 98.75 a kg on buyer resistance. The volumes were low.

Futures firm

The August futures for RSS 4 closed at Rs 97.75 (97.72), September at Rs 95.15 (95.04), October at Rs 93.25 (93.42) and November at Rs 93 (93.30) a kg on National Multi Commodity Exchange (NMCE). RSS 3 declined at its August futures to ?175.6 (?180.4) (Rs 89.41), September to ?172 (?178.6), October to ?174.7 (?181.9), November to ?177.3 (?184.8), December to ?179.7 (?186.8) and January to ?181.9 (?189) a kg during the day session on TOCOM.

The August futures for the grade closed at ?175.6, September at ?173.3, October at ?176, November at ?178.5, December at ?180.9 and January at ?183.1 a kg during the night session. RSS 3 closed at Rs 91.65 (91.35) a kg on Singapore Commodity Exchange (SICOM). The grade improved to Rs 91.09 (89.39) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 98.75 (99); RSS-5: 96.50 (96.50); ungraded: 94.50 (94.50); ISNR 20: 88.50 (88.50) and latex 60 per cent: 80 (80).

Source : Business Line