Monday, April 11, 2011

Spot rubber prices improve

KOTTAYAM, APRIL 9:

Domestic rubber prices improved on Saturday. On the spot, prices firmed up mainly on covering purchases following the moderate gains on the National Multi Commodity Exchange.

Sheet rubber closed firm at Rs 241 (239) a kg, according to traders. The weekend session ended on a positive note giving hope for a better opening on Monday.

FUTURES GAIN

In futures, the April series improved to Rs 241.60 (238.88), May to Rs 249 (246.21), June to Rs 253.49 (250.16), July to Rs 254 (251.50), August to Rs 248.39 (242.01) and September to Rs 243.50 (242.27) a kg on the NMCE.

Spot rates were (Rs/kg): RSS-4: 241 (239); RSS-5: 238 (235.50); ungraded: 234 (231); ISNR 20: 235 (234) and latex 60 per cent: 142 (140).

(Source: http://www.thehindubusinessline.com/markets/commodities/article1682705.ece)

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