Spot rubber prices improve
Kottayam: The physical rubber rates turned better on Tuesday. The market flared up following the gains domestic futures on NMCE. A moderate recovery in TOCOM rubber futures catalysed the sentiments further. Sheet rubber bounced back to Rs 104 from Rs 100.50 a kg mainly on covering purchases.
“We expect the prices to improve further as there were no sellers in the market during the late trading hours, ” an observer said.
Futures improve
The September futures improved to Rs 105 (102.50), October to Rs 106.66 (102.57), November to Rs 107.53 (103.40) and December to Rs 107.68 (103.54) a kg for RSS 4 on National Multi Commodity Exchange (NMCE). (BL)
Wednesday, September 16, 2009
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