Spot Rubber Remains Up (04-Feb-2010)
On Thursday, physical rubber prices remained firm, despite downturn in the domestic futures with prevalent losses in all contracts. Most of the grades in spot finished higher on supply concerns. The only exception was sheet rubber which ended flat at Rs 135 on buyer resistance.
The February futures fell to Rs 134.40 (136.12), March to Rs 137.01 (139.13), April to Rs 141.03 (143.16) and May to Rs 144.10 (145.99) a kg for RSS 4 on the National Multi Commodity Exchange (NMCE). RSS 3 ended with gains at Rs 141.36 (141) a kg on Singapore Commodity Exchange (SICOM). It slipped to Rs 142.06 (142.31) a kg at Bangkok. The February futures for RSS 3 increased to yen 273 (yen 272.5) (Rs 139.18), and March to yen 273.5 (yen 271.9) while the April futures slipped to yen 275.5 (yen 276) and May to yen 278 (yen 279.1) a kg during the day session on Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 135 (135); RSS-5: 132 (131.50); ungraded: 130 (129); ISNR 20: 131.50 (130.50) and latex 60 per cent: 89.50 (89.50).
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