Sunday, October 24, 2010

Spot rubber rules steady

Spot rubber rules steady

Kottayam, Oct. 23

Physical rubber prices finished almost unchanged on Saturday. The weekend session was comparatively inactive and a slight recovery in domestic futures failed to make any visible impact in the market. According to dealers, sheet rubber closed flat at Rs 189.50 a kg amidst scattered transactions. The grade was steady at Rs 188.50 a kg both at Kottayam and Kochi as reported by the Rubber Board.

Futures gain

RSS 4 increased at its November futures to Rs 190.03 (188.88), December to Rs 191.96 (190.60), January to Rs 194.32 (193.00) and February to Rs 197.13 (196.03) a kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 189.50 (189.50); RSS-5: 179.50 (180); ungraded: 174 (174); ISNR 20: 185.50 (185.50) and latex 60 per cent: 121 (121).

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