Friday, August 14, 2009

Spot rubber prices improve

On Thursday, spot rubber went up. Sharp gains in the domestic and international rubber futures catalyzed the market mood and sheet rubber improved to Rs 102.50 from Rs 101.50 a kg on fresh buying and short covering. "

RSS 4 imporved at its August futures to Rs 104 (102.27), September to Rs 103.39 (99.93), October to Rs 101.35 (97.99) and November to Rs 100.44 (97.17) a kg on National Multi Commodity Exchange (NMCE). The August futures for RSS 3 firmed up to Yen 203.6 (Yen 199) (Rs 101.76), September to Yen 200 (Yen 194.1), October to Yen 202.1 (Yen 193.8), November to Yen 204.3 (Yen 196.5), December to Yen 206.4 (Yen 198.3) and January to Yen 209 (Yen 201) a kg during the day session on TOCOM. The grade (spot) was flat at Rs.99.40 a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 102.50 (101.50); RSS-5: 100.50 (100); ungraded: 99 (98); ISNR 20: 94.50 (94.50) and latex 60 per cent: 79 (79).

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