Spot rubber rules firm

Spot rubber rules firm


Kottayam, Oct 11

Spot rubber ruled firm on Monday. According to market circles, the prices moved up mainly on covering purchases catalysed by the gains on the National Multi Commodity Exchange (NMCE). There were no revised quotes from the tyre sector possibly due to the positive change in weather during the past 48 hours. The trend was mixed. Sheet rubber improved to Rs 175 from Rs 174.5 a kg in the major marketing centres. The grade was quoted steady at Rs 174.5 a kg on the official website of the Rubber Board.

Futures improve

RSS 4 improved at its October futures to Rs 177.5 (176.73), November to Rs 179.21 (177.55), December to Rs 182.38 (180.45) and January to Rs 185 (183.2) a kg on NMCE. RSS 3 (spot) increased to Rs 168.17 (166.38) a kg at Bangkok. The Tokyo Commodity Exchange remained closed owing to Health and Sports Day.

Spot rates were (Rs/kg): RSS-4: 175 (174.5); RSS-5: 168 (167.5); ungraded: 165 (164.5); ISNR 20: 171 (171) and latex 60 per cent: 116 (116).


Rubber Futures in Tokyo Gain as Much as 2.6% to 331 Yen/Kg


Oct. 12 (Bloomberg) -- Rubber futures in Tokyo climbed as much as 2.6 percent to 331 yen a kilogram, the highest level since April. March-delivery rubber traded at 330.7 yen at 9:03 a.m.