Spot rubber turns weak

Aravindan Kottayam | Updated 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).

Published on February 26, 2011

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