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Agri-Biz & Commodities - Rubber
Spot rubber rules steady

Aravindan

Kottayam, Sept. 22 Domestic rubber prices ruled steady in the weekend session on Saturday. RSS 4 closed flat at Rs 89 and Rs 89.50 a kg respectively at Kottayam and Kochi in the absence of active participants. The transactions were narrow.

Futures firm

In futures, the October contract settled at Rs 88 a kg against Rs 87.40 on MCX. On NMCE, the October contract downed the shutters at Rs 88.20 (88.25), November at Rs 86 (86.03), December at Rs 86 (86.15) and January at Rs 86.40 (86.48) a kg for RSS 4. The volumes were 502 (1,438) tonnes. The open interest was quoted at 3,699 (3,652) lots on NMCE with 2,054 (2,077) lots in October, 948 (907) lots in November, 556 (538) lots in December and 141 (130) lots in January.

Spot prices were (Rs/kg): RSS-4: 89 (89); RSS-5: 87 (87); ungraded: 84 (84); ISNR 20: 86 (86) and latex 60 per cent: 60.50 (60.50).

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Spot rubber rules steady




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