On Wednesday (27 October 2010), the spot rubber prices rose further to reach the previous record high. The market seemed to be following the domestic rubber futures, catalyzed by supply concerns. Sheet rubber increased to Rs. 190 from Rs. 189.50 per kg due to fresh buying and short covering.
The November futures for RSS 4 increased to Rs. 194.35 (192.18), December to Rs. 197.30 (194.81), January to Rs. 199.32 (196.81) and February to Rs. 202.40 (200.52) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 190 (189.50); RSS-5: 180 (179); ungraded: 176 (174); ISNR 20: 186 (185.50) and latex 60 per cent: 123.50 (121).
(indiainfoline.com)
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