Rubber prices end flat

Print this page Posted on : 11-14-2009 by recycleinme.com

Kottayam, Nov. 13

The physical rubber prices finished almost unchanged on Friday. According to observers, the market was rather calm with a decline in volumes during the session.

The domestic and international futures were mostly range-bound with minor variations and hence the sentiments failed to strengthen as expected. Sheet rubber was flat at Rs 110.50 a kg amidst scattered transactions.

Meanwhile, ISNR 20 gained further on fresh enquiries from the non-tyre sector. The trend continued to be mixed.

The November futures firmed up to Rs 112.10 (Rs 111.20), December to Rs 113.75 (Rs 113.00), January to Rs 115.81 (Rs 115.02) and February to Rs 117.55 (Rs 116.69) a kg for RSS 4 on National Multi Commodity Exchange (NMCE). RSS 3 (spot) firmed up marginally to Rs 116.80 (Rs 116.27) a kg at Bangkok.

The grade closed at Rs 118.52 (Rs 117.60) a kg on Singapore Commodity Exchange (SICOM). The November futures improved to ?233.9 (?233.5) (which is Rs120.69), while the December futures slipped to ?234.3 (?234.4), January to ?231.8 (?232.7), February to ?232.6 (?234.3), March to ?233.7 (?235.3) and April to ?235.2 (?237.3) a kg for RSS 3 during the day session on Tokyo Commodity Exchange. The November futures moved up to ?234.7, December to ?234.7, January to ?233.3, February to ?234.2, March to ?235.8 and April to ?237.6 a kg.

The spot rubber prices a kg were: RSS-4 at Rs 110.50 (Rs 110.50); RSS-5 at RS 105 (Rs 105); Ungraded at Rs 101.50 (Rs 101.50); ISNR 20 at Rs 103 (Rs 102); and Latex 60% at Rs 70 (Rs 70).

Source : Business Line