Monday, May 17, 2010

Spot rubber turns weak

Spot rubber turns weak
Kottayam, May 15

Spot rubber market turned weak on Saturday. Declines in the domestic futures affected the market mood and the prices slipped mainly on buyer resistance. Sheet rubber weakened to Rs 154 from Rs 155 a kg amidst scattered transactions. The trend was mixed.

Futures decline

The May futures declined to Rs 152.40 (153.25), June to Rs 152.76 (153.91), July to Rs 152.65 (153.94) and August to Rs 149.86 (150.97) a kg for RSS 4 on National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 154 (155); RSS-5: 150 (151); ungraded: 147.50 (148); ISNR 20: 137 (137) and latex 60 per cent: 97 (97).

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