On Tuesday (21 September 2010), the spot rubber declined as the market was in a holiday mood owing to Sree Narayana Guru Samadhi day. Also, the reports from the domestic futures were not promising though the National Multi Exchange contracts gained marginally during the closing hours. The trend was partially mixed as ISNR 20 rose due to better demand. Sheet rubber declined to Rs 165 from Rs 165.50 per kg amidst scattered transactions.
The October futures for RSS 4 rose marginally to Rs 165.97 (165.21), November to Rs 166 (165.43), December to Rs 168.23 (167.60) and January to Rs 170 (169.53) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 165 (165.50); RSS-5: 161.50 (162); ungraded: 158 (159); ISNR 20: 157 (156) and latex 60 per cent: 114 (115).
(indiainfoline.com)
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