Mixed trend in spot rubber

Print this page Posted on : 11-06-2009 by recycleinme.com

Kottayam, Nov. 5

Spot rubber showed a mixed trend on Thursday. The major consuming industries continued to remain inactive and the market finished flat in most of the grades in a dull and inactive trading session.

Sheet rubber finished flat at Rs 109.50 a kg consecutively for the fourth day while RSS 5 and latex 60 per cent slipped on low demand. The weather forecasts on North-East monsoon and the uncertainties in the domestic scene kept most of the traders on the sidelines.

Futures gain

The November futures moved up marginally to Rs 110.80 (110.03), December to Rs 112.77 (112.37), January to Rs 114.68 (114.23) and February to Rs 116.29 (115.86) a kg for RSS 4 on National Multi Commodity Exchange (NMCE).

RSS 3 weakened with its November futures falling to ?229 (?230.8) (Rs 119.20), December to ?228 (?229.3), January to ?226 (?228), February to ?225.2 (?227.5), March to ?225.8 (?226.7) and April to ?227.8 (?228.4) a kg during the day session on Tokyo Commodity Exchange (TOCOM). The November futures closed at ?228.8, January at ?228, February at ?227.6, March at ?227.2 and April at ?228.9 a kg while the December futures remained inactive during the night session. Spot rates were (Rs/kg): RSS-4: 109.50 (109.50); RSS-5: 104.50 (105); ungraded: 101 (101); ISNR 20: 99.50 (99.50) and latex 60 per cent: 70 (71).

Source : Business Line