The Hindu Business Line : Spot rubber up as covering groups turn active

Kottayam, Feb. 11 Spot rubber improved on Monday. According to sources, the prices firmed up as covering groups turned active procuring the raw material at lower levels probably inspired by the Bangkok rates.

RSS 4 moved up to Rs 94.50 a kg from Rs 94.25 and Rs 94 a kg respectively at Kottayam and Kochi. The transactions were dull though the market made all-round gains on better demand.

Futures firm

The March futures on MCX downed the shutters at Rs 96 (96.13) a kg while the February contract for RSS 4 ended at Rs 94.25 (94.28), March at Rs 96.58 (96.85), April at Rs 99.96 (100.07) and May at Rs 101.50 (101.74) per kg on NMCE.

Spot prices were (Rs/kg): RSS-4: 94.50 (94.25); RSS-5: 92.50 (91.50); ungraded: 90.50 (90); ISNR 20: 91.75 (91) and latex 60 per cent: 59 (58.50).

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