Spot rubber rules steady

Print this page Posted on : 09-01-2007 by recycleinme.com

Spot rubber finished unchanged on Friday. The market opened better touching an intra-ay high at Rs.90 a kg in the morning session but lost grip towards close on selling at higher levels. Sheet rubber RSS 4 was static at Rs.87.50 and Rs.88 a kg respectively at Kottayam and Kochi from Rs.86 a kg as on Thursday. The volumes were moderate.

FUTURES WEAK

The rubber futures turned weak quoting the September contract at Rs.87.59 against Rs.88.42 a kg on MCX. The September contract for RSS 4 weakened to Rs.8860 (89.17), October to Rs.83 (83.62), November to Rs.81.70 (82.02) and December to Rs,80.50(81.28) per kg on NMCE. Spot prices were (RS/kg): RSS-4: 87.50 (87.50); RSS-5: 85(85); ungraded : 82.50 (82.50); ISNR 20: 84.50 (84.50) and latex 60% (61.05 (61.05).

Source : Business Line