Spot rubber rules firm

Print this page Posted on : 10-29-2009 by recycleinme.com

Kottayam, Oct. 28

The spot rubber market finished unchanged on Wednesday. A marginal improvement in the domestic rubber futures on NMCE failed to catalyse the sentiments as most of the traders preferred to stay back following the predictions on the onset of north-east monsoon.

Futures improve

RSS 4 improved with the November futures rising to Rs 111.30 (110.73); December to Rs 113.20 (112.54), January to Rs 114.98 (114.39) and February to Rs 116.76 (116.10) a kg on the National Multi Commodity Exchange (NMCE). The November futures for RSS 3 closed at ?233.7 (?233.6) (Rs 121.53) and December at ?233.1 (?234) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

Spot prices were (Rs/kg): RSS-4: 110 (110); RSS-5: 105 (105); ungraded: 100 (100); ISNR 20: 99.50 (99.50) and latex 60 per cent: 74 (74).

Source : Business Line