Agri Business

Spot rubber static on tepid trading

| | Updated on: Nov 25, 2011

Spot rubber finished unchanged on Friday. The market activities were in an extremely slow pace as there were no active traders on either side to set a definite trend. Meanwhile Latex 60 per cent the only loser, weakened on comparatively low demand.

Sheet rubber closed flat Rs 190.00 a kg according to traders. The grade was steady at Rs 191.00 a kg both at Kottayam and Kochi consecutively for the second day as reported by the Rubber Board.

The December series slipped to Rs 192.75 (192.97), January to Rs 193.80 (193.95) and February to Rs196.00 (196.70) while the March series inched up to Rs 198.49 (198.36) a kg for RSS 4 on National Multi Commodity Exchange (NMCE).

RSS 3 (spot) closed at Rs 170.17 (170.14) per kg at Bangkok. The December futures for the grade dropped to ¥ 248.00 (Rs 167.76) from ¥ 250.9 during the day session but then recovered marginally to ¥ 248.8 (Rs 168.31) a kg in the night session on Tokyo Commodity Exchange (TOCOM).

The spot rubber rates/kg were RSS-4: 190.00 (190.00); RSS-5: 187.00 (187.00); Ungraded: 181.00 (181.00); ISNR 20: 172.00 (172.00) and Latex 60 per cent : 108.00 (110.00)

Published on November 25, 2011

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