The Hindu Business Line : Rubber futures continue to rule firm

Kottayam, Feb. 19 The domestic rubber futures continued to rule firm catalysed by a firm closing in international markets. The last traded price for the March futures improved further on NMCE to Rs 101.55 (Rs 100.71), April to Rs 104.54 (Rs 103.88), May to Rs 106.52 (Rs 105.90) and June to Rs 108.80 (Rs 107.95) per kg for RSS 4.

Open interest

Meanwhile, the March futures was steady at Rs 101.00 a kg on MCX. The open interest stood at 6,684 (6,662) tonnes with 4,187 (4,185) tonnes in March, 1,724 (1,708 ) tonnes in April, 666 (674 ) tonnes in Mayand 107 (95) tonnes in June on NMCE . The volumes were 1,271 (1,829) tonnes. RSS 3 crossed the 300-mark at its March futures to finish at 301.1 yen a kg (Rs 111.97) against 296.2 yen followed by yet another bull run at TOCOM. The grade closed at Rs 111.36 (Rs 110.73) a kg at Bangkok. The physical rubber market remained closed on account of a State wide harthal on Tuesday.

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