Spot rubber turns weak on global cues
Kottayam: Spot rubber prices weakened on Monday. The market slipped in the absence of buyers following a bearish closing in the domestic and international rubber futures. Major manufacturers continued to stay back and most of the traders were reluctant to enlarge their commitments fearing further correction in prices. Sheet rubber moved down to Rs 109.50 from Rs 110 a kg on buyer resistance. The trend was mixed.
Futures firm
The November futures for RSS 4 closed at Rs 111.18 (111.14), December at Rs 113.01 (113.12), January at Rs 114.96 (115.04) and February at Rs 116.10 (116.25) a kg on National Multi Commodity Exchange (NMCE). RSS 3 declined at its October futures to ¥245 (¥254) (Rs 124.51), November to ¥234.8 (¥237.8), December to ¥234 (¥237.3), January to ¥232.1 (¥234.9), February to ¥230.8 (¥233.9) and March to ¥230.8 (¥233.9) a kg during the day session on Tokyo Commodity Exchange (TOCOM). (BL)
http://www.thehindubusinessline.com/2009/10/27/stories/2009102751011700.htm
Tuesday, October 27, 2009
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