Mixed trend in spot rubber

Print this page Posted on : 10-08-2009 by recycleinme.com

Kottayam, Oct. 7

Spot rubber witnessed a mixed trend on Wednesday. There was no fresh demand from major consuming industries and most of the grades slipped on buyer resistance though the arrivals were meagre.

Sheet rubber continued to trade unchanged at Rs 107 a kg amidst low volumes.

Meanwhile, latex 60% improved against the general trend on better demand coupled with short supply.

Futures slip

The October futures for RSS 4 slipped to Rs 106 (106.94), November to Rs 106.13 (107.03), December to Rs 107.25 (Rs 108.34) and January to Rs 109.15 (Rs 109.98) a kg on National Multi Commodity Exchange (NMCE), .

RSS 3 flared up at its October futures to ¥206.6 (¥197.4) (Rs 108.29), November to ¥208.5 (¥198.9), December to ¥211.1 (¥200.2), January to ¥209.5 (¥199.9), February to ¥208.3 (¥200.1) and March to ¥208.2 (¥200.7) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

The October futures concluded at ¥207, November at ¥206.2, December at ¥209.7, January at ¥209.3, February at ¥208.3 and March at ¥208.2 a kg during the night session.

RSS 3 slipped to Rs 105.26 (Rs 105.56) a kg on Singapore Commodity Exchange (SICOM). Its spot improved to Rs 105.28 (Rs 103.63) a kg at Bangkok.

Spot rubber rates were (Rs a kg): RSS-4: 107 (107), RSS-5: 101.50 (102.50), ungraded: 97 (97.50), ISNR20: 95.50 (96.00) and latex 60%: 68 (66.50)

Source : Business Line