The Hindu Business Line : Global rubber futures recover on late buying

Kottayam March 8 Global rubber futures made a moderate recovery on Wednesday. According to sources, TOCOM the Japanese trendsetter finished better in all contracts followed by late buying at lower levels catalysed by an uptrend in gold and other futures.

The domestic futures market improved in tandem with international indices in leading commodity exchanges. On NMCE, the March contract moved up to Rs 86.55 (86.18), April to Rs 90.60 (89.65), May to Rs 94.50 (93.26) and June to Rs 97.54 (96.37) a kg for RSS 4.

The turnover was 2,114 (5,706) lots. The open interest stood at 15,276 (15,118) lots with 4374 lots in March, 4820 lots in April, 4867 lots in May and 1215 lots in June.

The April delivery contract for RSS 4 firmed up to Rs 90.65 a kg from Rs 89.56 a kg on MCX.

RSS 3 improved at it's the April futures to 255.2 Yen (Rs 97.06) from 249.3 Yen a kg at TOCOM. But the grade (spot) slipped to Rs 105.30 a kg from Rs 106.38 at Bangkok.

The spot rubber prices were not available on account of a State wide harthal.

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