Spot rubber prices unchanged

Print this page Posted on : 10-13-2009 by recycleinme.com

Aravindan

Kottayam, Oct. 12

Spot rubber finished unchanged on Monday. The market remained neutral as traders stayed back waiting for a green signal from the major consuming industries before expanding their commitments further. Moderate gains in the domestic futures also failed to enhance the market mood possibly as the trend setting Japanese markets were on long holidays.

Sheet rubber closed unchanged at Rs 107 a kg amidst scattered transactions. The trend was mixed as RSS 5 gained on comparatively better demand. The volumes were dull.

FUTURES IMPROVE

RSS 4 improved at its October futures to Rs 108.35 ( 106.69), November to Rs 110 ( 108.12), December to Rs 111.53 ( 109.49) and January to Rs 113 ( 111.09) a kg on National Multi Commodity Exchange ( NMCE). RSS 3 firmed up to Rs 112.22 ( 111.92) a kg on Singapore Commodity Exchange ( SICOM). It closed at Rs 109.87 ( 109.03) a kg at Bangkok. The Tokyo Commodity Exchange ( TOCOM) remained closed owing to Health and Sports Day.

Spot rates were ( Rs/ kg): RSS- 4: 107 ( 107); RSS- 5: 102 ( 101.50); ungraded: 98 ( 98); ISNR 20: 96 ( 96) and latex 60 per cent: 68 ( 68).

Source : Business Line