Spot rubber prices recover

Spot rubber prices recover
Kottayam: Physical rubber prices turned better on Tuesday. Moderate recovery in the domestic and international rubber futures catalysed the sentiments though there were no fresh quotes from the tyre sector. Sheet rubber improved to Rs 133 from Rs 132 a kg on scattered transactions. The market made all-round gains amidst low supplies.



Futures firm



RSS 4 firmed up with the December futures increasing to Rs 134.10 (132.50), January to Rs 135.25 (133.59), February to Rs 137.20 (135.32) and March to Rs 139.16 (137) a kg on National Multi Commodity Exchange (NMCE).



RSS 3 improved with the December futures rising to ¥242.1 (¥238) (Rs 126.52), January to ¥242.7 (¥238), February to ¥244.4 (¥238.4) and March to ¥247.1 (¥241.9 a kg during the day session on Tokyo Commodity Exchange. RSS 3 closed at Rs 126.79 (124.44) a kg on Singapore Commodity Exchange (SICOM). The grade improved to Rs 127.85 (127.36) a kg at Bangkok. (BL)

http://www.thehindubusinessline.com/2009/12/16/stories/2009121653201600.htm