Spot rubber prices unchanged

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

Kottayam, Nov. 10

Spot rubber prices finished unchanged on Tuesday. The market was almost inactive and neutral as there were no quantity buyers or sellers to set the trend.

Sheet rubber finished flat at Rs 109.50 a kg consecutively for the eight day amidst scattered transactions.

Major manufacturers were not interested in expanding their commitments as a continuation of their purchase policy during the past few weeks. The November futures for RSS 4 closed at Rs 110.15 (Rs 109.90), December at Rs 111.89 (Rs 112.21), January at Rs 114.00 (Rs 114.19) and February at Rs 115.88 (Rs 115.91) a kg on National Multi Commodity Exchange.

RSS 3 weakened at its November futures to ¥228.9 (¥229.5) (Rs 118.06), December to ¥228.2 (¥229.8) , January to ¥226.5 (¥229.0), February to ¥227(¥229.6), March to ¥227.8 (¥230.3) and April to ¥229.3 (¥232.1) a kg during the day's session on Tokyo Commodity Exchange.

The December futures closed at ¥229.5, January at ¥228.2, February at ¥227, March at ¥227.6 and April at ¥230a kg, while the November futures remained inactive during the night session. RSS 3 moved up marginally to Rs 116.29 (Rs 116) a kg on Singapore Commodity Exchange. The grade's spot slipped to Rs 115.50 (Rs 115.54) a kg at Bangkok.

The per kg spot rubber prices were: RSS-4: 109.50 (109.50); RSS-5: 104.50 (104.50); ungraded: 100.50 (100.50); ISNR 20: 99.50 (99.50) and latex 60%: 70 (70)

Source : Business Line