Mixed trend in rubber

Print this page Posted on : 02-02-2010 by recycleinme.com

Kottayam, Feb. 1

Physical rubber prices showed a mixed trend on Monday. A bullish mood in the domestic futures kept sheet rubber firm and the grade improved to Rs 132 from Rs 131.50 on covering purchases. There were no fresh enquiries from the tyre sector.

Meanwhile, latex 60 per cent declined on comparatively low demand. The transactions were in a low key.

RSS 4 improved at its February futures to Rs 133.70 (132.48), March to Rs 136 (134.34), April to Rs 139.67 (138) and May to Rs 141.56 (140.37) a kg on National Multi Commodity Exchange (NMCE). RSS 3 slipped to Rs 140.03 (141.08) a kg on Singapore Commodity Exchange (SICOM). But the grade (spot) moved down to Rs 141.27 (143.52) a kg at Bangkok. The February futures for RSS 3 closed at ?264.5 (?262.7) (Rs 135.85), March at ?265.3 (?264.7), April at ?267.1 (?268.5), May at ?270.3 (?269.2), June at ?272.4 (?271.6) and July at ?275.4 (?274.3) a kg during the day session on Tokyo Commodity Exchange (TOCOM). The February futures slipped to ?262.8 and March to ?265 while the April futures firmed up to ?268.5, May to ?271, June to ?273.9 and July to ?276.6 a kg during the night session.

Spot rates were (Rs/kg): RSS-4: 132 (131.50); RSS-5: 129 (129); ungraded: 127 (126); ISNR 20: 129 (129.50) and latex 60 per cent: 89 (90).

Source : Business Line