Spot rubber rules steady
Kottayam, July 17
The physical rubber prices were almost unchanged on Saturday.
The market managed to sustain at Friday's closing levels in most of the grades though the domestic futures finished lower in all contracts.
Sheet rubber closed flat at Rs 180 a kg amidst scattered transactions. There were no quantity sellers in the market and the trend was mixed.
Futures decline
Rubber futures declined further on NMCE.
The August series moved down to Rs 170.44 (173.88), September to Rs 160.38 (164.66) October to Rs 157.91 (160.58) and November to Rs 157.92 (161) a kg for RSS 4.
Spot rates were: RSS-4: 180 (180); RSS-5: 175 (175); ungraded: 170 (171); ISNR 20: 159 (159) and latex 60 per cent: 125 (126).
Monday, July 19, 2010
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Any news regarding reduction of import duty on rubber? I think it may be reduced soon, central government is planning to do so. Then prices should come down.
ReplyDeleteSanjeev Jain
Ahmedabad
Mob- 09687305291
No news dated 19.07.2010 ?
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