Rubber prices firm

Print this page Posted on : 11-13-2009 by recycleinme.com

Kottayam, Nov. 12

The rubber prices firmed up further on Thursday. According to sources, the sentiments remained positive as the reports from international markets were promising.

A firm closing in the November delivery on National Multi Commodity Exchange also helped the physical prices stabilise at higher levels. Sheet rubber firmed up to Rs 110.50 from Rs 109.50 a kg mainly on covering purchases. The trend was mixed.

The November futures closed at Rs 111.10 (Rs 110.61), December at Rs 113 (Rs 113.23), January at Rs 115 (Rs 115.25) and February at Rs 116.52 (Rs 117.10) a kg for RSS 4 on NMCE.

RSS 3 improved to Rs 117.60 (Rs 116.05) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) closed weak at Rs 116.27 (Rs 115.46) a kg at Bangkok.

On Tokyo Commodity Exchange, November futures moved up to ¥ 233.5 (¥229.8) , December to ¥234.4 (¥228.6), January to ¥ 232.7 (¥226.1) , February to ¥ 234.3 (¥227.7), March to ¥ 235.3 (¥228.8) and April at ¥ 237.3 (¥230.4) a kg for RSS 3 during the day session.

The November futures concluded at ¥ 234.5, December at ¥ 234.4, January at ¥ 231.9, February at ¥ 232.9, March at ¥ 235.0 and April at ¥ 236.4.

The spot rubber prices/ kg were RSS-4: 110.50 (110); RSS-5: 105 (105.00); Ungraded: 101.50 (101); ISNR 20: 102 (101.50); and Latex 60%: 70 (70).

Source : Business Line