Mixed Trend In Rubber (02-Feb-2010)
On Monday, physical rubber prices witnessed a mixed trend. A bullish mood in the domestic futures kept sheet rubber firm and the grade improved to Rs 132 from Rs 131.50 on covering purchases. There were no fresh enquiries from the tyre sector. Hwoever, latex 60 per cent fell on comparatively low demand.
RSS 4 increased at its February futures to Rs 133.70 (132.48), March to Rs 136 (134.34), April to Rs 139.67 (138) and May to Rs 141.56 (140.37) a kg on National Multi Commodity Exchange (NMCE). RSS 3 declined to Rs 140.03 (141.08) a kg on Singapore Commodity Exchange (SICOM). But the grade (spot) moved down to Rs 141.27 (143.52) a kg at Bangkok. The February futures for RSS 3 ended at yen 264.5 (yen 262.7) (Rs 135.85), March at yen 265.3 (yen 264.7), April at yen 267.1 (yen 268.5), May at yen 270.3 (yen 269.2), June at yen 272.4 (yen 271.6) and July at yen 275.4 (yen 274.3) a kg during the day session on Tokyo Commodity Exchange (TOCOM). The February futures slipped to yen 262.8 and March to yen 265 while the April futures firmed up to yen 268.5, May to yen 271, June to yen 273.9 and July to yen 276.6 a kg during the night session.
Spot rates were (Rs/kg): RSS-4: 132 (131.50); RSS-5: 129 (129); ungraded: 127 (126); ISNR 20: 129 (129.50) and latex 60 per cent: 89 (90).
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