On February 19, 2011, the prices of physical rubber ruled firm where the weekend session was dormant even though the local futures ended in green on the National Multi Commodity Exchange (NMCE).
Meanwhile, the sheet rubber ended unaffected at Rs 240 a kg both at Kottayam and Kochi whereas the transactions were low.
The market is likely to become steady once the global markets carry on trading after the weekend holidays.
The March series improved to Rs 244.89 (244.35), April to Rs 255 (254.41), May to Rs 260.80 (260.33), June to Rs 264.51 (263.93) while and July to Rs 265.11 (265) a kg for RSS 4 on the NMCE, in the futures.
Similarly, the spot rates were (Rs/kg): RSS-4 at Rs 240 (240); RSS-5 at Rs 231 (231); ungraded at Rs 228 (228); ISNR 20 at Rs 239 (239) and latex 60 per cent stood at Rs 149 (149).
Natural rubber, also called India rubber or caoutchouc, is an elastomer (an elastic hydrocarbon polymer) that was originally derived from latex, a milky colloid produced by some plants.
The plants would be 'tapped', that is, an incision made into the bark of the tree and the latex sap collected and refined into a usable rubber.
(Source: http://money.oneindia.in/news/2011/02/21/spot-rubber-stays-steady-aid0096.html)
No comments:
Post a Comment