Commodities News Headline: Commodities News Headline

On Thursday, the physical rubber prices remained weak. According to observers there were no quantity buyers in the main marketing centres to keep the market firm though the domestic and international futures were in a bullish mood. Sheet rubber fell to Rs 100 from Rs 100.50 a kg on buyer resistance.

The August futures for RSS 4 went up to Rs 102.10 (101.28), September to Rs 99.73 (98.66), October to Rs 97.05 (96.63) and November to Rs 97 (96.52) a kg on National Multi Commodity Exchange (NMCE). RSS 3 improved at its August futures to Yen 191 (Yen 189) (Rs 95.37), September to Yen 187.3 (Yen 185.4), October to Yen 189 (Yen 187.3), November to Yen 190.9 (Yen 189.2), December to Yen 193.1 (Yen 191.5) and January to Yen 195.8 (Yen 194.5) a kg during the day session on TOCOM. The grade moved up further at its October futures to Yen 190.2, November to Yen 192, December to Yen 194.6 and January to Yen 197.3 a kg while the August and September futures remained inactive on late trades. RSS 3 weakened to Rs 93.67 (94.42) a kg on Singapore Commodity Exchange (SICOM). It improved to Rs 95.52 (95.13) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 100 (100.50); RSS-5: 98 (98.50); Ungraded: 96 (96); ISNR 20: 91.75 (92.50) and latex 60 per cent: 82.50 (83).