Wednesday, July 14, 2010

Spot rubber show mixed trend

On Wednesday (14 July 20100, the spot rubber prices showed a mixed trend. A difference of around Rs 30 with the Bangkok spot market put the prices under pressure during the day. But, the sheet rubber managed at Rs 185 per kg as there were no quantity sellers on the grade while RSS 5 and upgraded rubber declined amidst scattered transactions.

The July futures for RSS 4 rose to Rs 192.70 (189.05), August to Rs 180.70 (179.18) and September to Rs 171.78 (171.17), while the October futures ended flat at Rs 166.51 a kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 185 (185); RSS-5: 179.50 (180); ungraded: 174.50 (175); ISNR 20: 162 (162) and latex 60 per cent: 128 (128).

(indiainfoline.com)

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