Spot rubber prices improve

Spot rubber prices improve

Kottayam, Feb. 26

Domestic rubber prices improved on Friday. Natural rubber futures prices on NMCE rose following budget announcements, as traders took a positive stance after analysing the impact of higher vehicle prices and tyre demand. In spot, sheet rubber improved to Rs 141.50 from Rs 140.50 a kg while the market made all-round gains on fresh buying and short covering.

Futures gain

RSS 4 flared up at its March futures to Rs 143.10 (141.29), April to Rs 147.90 (145.34), May to Rs 150.95 (148.21) and June to Rs 152.85 (150.24) a kg on National Multi Commodity Exchange (NMCE). RSS 3 firmed up at its March futures to ¥284.9 (¥283.8) (Rs 147.14), April to ¥287.4 (¥286), May to ¥289.3 (¥288.4) and June to ¥291.4 (¥290.7) a kg for during the day session on Tokyo Commodity Exchange (TOCOM). RSS 3 weakened to Rs 151.17 (152.08) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) improved to Rs 151.60 (151.16) a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 141.50 (140.50); RSS-5: 137.50 (136.75); ungraded: 137 (135.50); ISNR 20: 136.50 (136) and latex 60 per cent: 91 (91).¥