Mixed trend in rubber
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Physical rubber prices showed a mixed trend on Wednesday. Sheet rubber RSS 4 declined to Rs.91 from Rs.92 a kg both at Kottayam and Kochi on buyer resistance. Ungraded rubber improved by 50 paise on better demand from the non-tyre sector. Their presence was also felt in RSS 5 and ISNR 20 while latex lost on comparatively low demand. The transactions were dull.
RSS 3 (spot) improved by 80 paise to Rs.96.69 from Rs.95.89 a kg at Bangkok. The January futures for the grade weakened to ¥ 272.7 (Rs.96.70) from ¥ 273.3 a kg at TOCOM.
FUTURES STEADY
The rubber futures finished almost unchanged on NMCE. The December contract concluded the session at Rs.93.25 (93.30), January at Rs.94.49 (Rs.94.34), February at Rs.96 (Rs.95.80) and March at Rs.97.70 (Rs.97.52) per kg for RSS 4. The volumes were 1,352 (1,403) tonnes. The January futures finished at Rs.94.16 against Rs.94.73 a kg on MCX. Spot prices were (Rs/kg) : RSS-4: Rs.91 (Rs.92); RSS-5: Rs.87.50(Rs.87.50);l ungraded : Rs.85.50 (Rs.85); ISNR 20 : Rs.87 (Rs.87) and latex 60 per cent : Rs.60.50 (Rs.61).
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Source : Business Line |
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