Mixed trend in spot rubber

Print this page Posted on : 11-19-2009 by recycleinme.com

Kottayam, Nov. 18 The spot rubber market showed a mixed mood on Wednesday. Sheet rubber continued to close flat at Rs 111.50 a kg amidst dull volumes. Meanwhile, ISNR 20 and ungraded rubber gained on low supply. There were no fresh enquiries on RSS 4 from major consuming industries and a better closing in domestic futures failed to make any impact on the grade. FUTURES RISE December futures improved to Rs 114.50 ( Rs 113.32), January to Rs 116.56 ( Rs 115.45), February to Rs 118.45 ( Rs 117.26) and March to Rs 120.20 ( Rs 119.05) a kg for RSS 4 on National Multi- Commodity Exchange. RSS 3 moved up marginally to Rs 118.27 ( 118.10) a kg on Singapore Commodity Exchange. The grade finished firm at Rs. 118.14 ( 117.66) a kg at Bangkok. November futures for RSS 3 closed at ¥ 232.0 ( ¥ 234.3) and December at ¥ 234.7 ( ¥ 236.1) during the day session on Tokyo Commodity Exchange. The grade recovered at its November futures to ¥ 233.50, December to ¥ 238 during the night session. Spot prices ( Rs a kg) were: RSS- 4 at 111.50 ( 111.50); RSS- 5 at 106.50 ( 106.50); ungraded at 103.50 ( 103); ISNR 20 at 105 ( 104) and Latex 60% at 70 ( 70)

Source : Business Line