Covering purchases perk up sheet rubber
Kottayam, July 27
Spot rubber prices were mixed on Tuesday. Firm futures kept sheet rubber bullish and the grade improved to Rs 183.5 from Rs 182.5 a kg mainly on covering purchases. The Rubber Board's rate followed suit at Rs 182.5, up from Rs 181.5 a kg. Meanwhile, latex 60 per cent continued its fall on low demand. Domestic rubber prices may edge higher this week on thin supplies and robust demand but a sharp rise is unlikely as the market is expecting significant imports next month, sources said.
Futures improve
The August series improved to Rs 184.5 (180.22), September to Rs 171.65 (167.52), October to Rs 161.9 (160.26) and November to Rs 160.5 (159.99) a kg for RSS 4 on the National Multi Commodity Exchange . The August futures for RSS 3 finished ended at ¥293.5 (Rs 156.62), while the September futures slipped to ¥281.1 (¥282.5) during the day session
Spot rates were (Rs/kg): RSS-4: 183.5 (182.5); RSS-5: 178 (177); ungraded: 168 (168); ISNR 20: 156.5 (158) and latex 60 per cent: 112 (117).
Wednesday, July 28, 2010
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