Commodities

Spot rubber turns weak

Aravindan Kottayam | Updated on February 26, 2011 Published on February 26, 2011




Spot rubber finished weak on Saturday. The market opened sharply lower but regained the initial losses partially on covering purchases following a recovery in domestic futures on late trades. Sheet rubber closed at Rs 217 (220) a kg after hitting an intra-day low of Rs 215 a kg in the morning session.



Futures improve



RSS 4 improved at its March series to Rs 215 (211.34), April to Rs 223.70 (220.39), May to Rs 229.25 (225.91) and June to Rs 233 (231.77) a kg while the July series declined to Rs 235 (242.98) on the National Multi Commodity Exchange (NMCE).

Spot rates were (Rs/kg): RSS-4: 217 (220); RSS-5: 213 (216.50); ungraded: 211 (213.50); ISNR 20: 216 (220) and latex 60 per cent: 142 (140).

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 26, 2011
This article is closed for comments.
Please Email the Editor