Monday, August 10, 2009

Mixed trend in rubber

On Saturday, physical rubber prices witnessed mixed trend. Sheet rubber dropped to Rs 100 from Rs 100.50 a kg on buyer resistance. Most of the traders preferred to remain on the sidelines in the absence of global guidance as the trend setting international exchanges were on weekend holidays.

RSS 4 improved at its August futures to Rs 102.19 (101.77), September to Rs 99.35 (99.07), October to Rs 97.18 (96.72) and November to Rs 96.91 (96.58) a kg on National Multi Commodity Exchange (NMCE).

Spot rates were (Rs/kg): RSS-4: 100.00 (100.50); RSS-5: 98 (98); ungraded: 96 (96.50); ISNR 20: 92.50 (92.50) and latex 60 per cent: 77 (78).

No comments: