Rubber prices improve

Print this page Posted on : 11-12-2009 by recycleinme.com

Kottayam, Nov. 11

The physical rubber prices improved on Wednesday. The market opened steady but improved on late trading hours following the firm price movements in the domestic futures on National Multi Commodity Exchange (NMCE).

Sheet rubber firmed up to Rs 110 from Rs 109.50 a kg on better demand. There was no selling pressure in the main marketing centres but the volumes were comparatively better.

RSS 4 improved at its November futures to Rs 110.85 (Rs 110.03), December to Rs 113.10 (Rs 111.94), January to Rs 115.12 (Rs 114) and February to Rs 117 (Rs 115.81) a kg on NMCE. RSS 3 slipped to Rs 116.05 (Rs 116.29) a kg on Singapore Commodity Exchange. The grade closed weak at Rs 115.46 (Rs 115.50) a kg at Bangkok.

On Tokyo Commodity Exchange, the November futures closed at ¥229.8 (¥228.9) (Rs. 118.27), December at ¥228.6 (¥228.2), January at ¥226.1 (¥226.5), February at ¥227.7 (¥227), March at ¥228.8 (¥227.8) and April at ¥230.4 (¥229.3) a kg for RSS 3 during the day session.

The November futures finished at ¥229.8, December at ¥232, January at ¥229.5, February at ¥230.2, March at ¥231 and April at ¥232.7.

The spot rubber prices per kg were RSS-4: 110 (109.50); RSS-5: 105 (104.50); Ungraded: 101 (100.50); ISNR 20: 101.50 (99.50); and Latex 60%: 70 (70).

Source : Business Line