Spot rubber stretches to Rs 111/kg

Spot rubber stretches to Rs 111/kg
Kottayam: Physical rubber prices flared up on Monday. According to sources, the market moved up on covering purchases though there was no trendsetting factor specific to rubber observed behind the bull run. Sheet rubber improved to Rs 111 from Rs 109 a kg during the last week end. There were no fresh enquiries from the tyre sector. The market made all-round gains with comparatively better volumes.

The National Multi Commodity Exchange (NMCE) remained closed owing to Bahu-Beej.

Futures
The October futures for RSS 3 weakened to ¥217.6 (¥219.9) (Rs 110.76) while the November futures improved to ¥220.5 (¥214), December to ¥218.9 (¥212.2), January to ¥219 (¥212.5), February to ¥218.3 (¥212.6) and March to ¥218.8 (¥212.8) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

The October futures for the grade closed at ¥217.6, December at ¥217.5, January at ¥219.3, February at ¥218.8 and March at ¥219.3 a kg while the November futures remained inactive during the night session. (BL)
http://www.thehindubusinessline.com/2009/10/20/stories/2009102050201000.htm