The rubber market made further gains on Friday. According to observers, prices firmed up on fresh buying and short covering tracking overall gains in domestic and international futures.

Intensified rains all over the plantations kept buyers comparatively active in all grades, while sellers stayed back expecting better quotes during the week-end session.

Sheet rubber improved to Rs 172 (170) a kg, according to traders. The grade firmed up to Rs 171 (169) a kg at Kottayam and Kochi, according to Rubber Board.

RSS 4 improved at its September series to Rs 171.70 (169.38), October to Rs 169.85 (167.79), November to Rs 168.85 (166.90) and December to Rs 170.16 (167.50) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) closed firm at Rs 155.75 (153.17) a kg at Bangkok. The August futures bounced back to ¥208 (Rs 145.72) from ¥199 a kg during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 172 (170); RSS-5: 165 (161); ungraded: 155 (152); ISNR 20: 150.50 (149) and latex 60 per cent: 115 (114).

(This article was published on August 17, 2012)
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