Spot rubber rules steady

Kottayam, Dec. 18

Spot rubber finished unchanged on Saturday.

The weekend session was comparatively inactive and lost its direction as the domestic futures on the National Multi Commodity Exchange seemed almost steady with only minor slips in all contracts.

Most of the traders preferred to wait till the international markets resume trading on Monday after weekend holidays.

Sheet rubber finished flat at Rs 203 a kg according to traders. The transactions were low.

Futures slip

In futures, the January series slipped to Rs 208.62 (208.96), February to Rs 212.37 (212.78), March to Rs 215.46 (216.07) and April to Rs 219.47 (219.98) a kg for RSS 4 on the NMCE.

Spot rates were (Rs/kg): RSS-4: 203 (203); RSS-5: 197 (197); ungraded: 193 (193); ISNR 20: 197 (197) and latex 60 per cent: 131 (131).

(Source: http://www.thehindubusinessline.com/2010/12/19/stories/2010121950270400.htm)