On Friday (04 February 2011), the spot rubber prices rose due to fresh buying and short covering, tracking global gains but the weakness in domestic futures kept it under pressure during closing hours. Sheet rubber ended at Rs. 238 (235) per kg after hitting an intraday high of Rs. 240 in the morning session.
The February futures for RSS 4 declined to to Rs. 235.50 (239.48), March to Rs. 240.66 (245.06), April to Rs. 249.51 (254.17) and May to Rs. 254.20 (259.42) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 238 (235); RSS-5: 227 (225); ungraded: 223 (220); ISNR 20: 230 (227) and latex 60 per cent: 152 (151).
(Source: http://www.indiainfoline.com/Markets/News/Rise-in-spot-rubber-prices/3532997776)
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