Mixed trend in rubber

Print this page Posted on : 11-19-2010 by recycleinme.com

ravindan

Kottayam, Nov. 18

Spot rubber showed a mixed trend on Thursday. The undercurrent was firm following gains in the domestic and international futures but most grades remained unchanged as traders were reluctant to expand their commitments towards the weekend. The market continued to suffer from short supplies as widespread rains disrupted tapping in almost all major plantation areas.

Sheet rubber improved to Rs 196 (195) a kg according to traders. The grade closed firm at Rs 195.50 (195) a kg both at Kottayam and Kochi as reported by the Rubber Board.

Futures gain

The December series flared up to Rs 202.40 (196.87), January to Rs 204.80 (198.84) and February to Rs 207.90 (202.94) and March series to Rs 211 (205.82) a kg for RSS 4 on the National Multi Commodity Exchange.

RSS 3 bounced back at its November futures to ?358 (Rs 194.77) from ?348.4 a kg during the day session and then to ?361.9 (Rs 196.92) in the night session on the Tokyo Commodity Exchange. The grade (spot) weakened to Rs 196.30 (197.24) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 196 (195); RSS-5: 185.50 (185); ungraded: 180 (180); ISNR 20: 192 (192) and latex 60 per cent: 130 (130).

Source : Business Line