On Tuesday (05 October 2010), the spot rubber showed a mixed trend. Widespread rains put further pressure on the traders as the market continued to suffer from short supplies. A better closing in domestic futures added strength to major grades but ungraded rubber slipped on low North Indian demand. Sheet rubber increased to Rs 172 from Rs 171 per kg in the main marketing centres.
The October futures for RSS 4 rose to Rs 175.70 (174.86), November to Rs 177.85 (177.42), December to Rs 180.55 (179.99) and January to Rs 183.90 (182.93) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 172 (171); RSS-5: 167 (167); ungraded: 163 (164); ISNR 20: 168 (167) and latex 60 per cent: 116 (116).
(indiainfoline.com)
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