On Tuesday (25 May 2010), the spot rubber market turned weak as the market failed to break above Rs 170 per kg for sheet rubber and the grade moved down to Rs 168 (170) mainly on selling from dealers following the sharp declines on National Multi Commodity Exchange (NMCE).
The June futures for RSS 4 declined to Rs 164.51 (168.86), July to Rs 163.98 (168.59), August to Rs 156.01 (160.59) and September to Rs 151.26 (153.75) a kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 168 (170); RSS-5: 166 (167); ungraded: 163 (165); ISNR 20: 149 (149) and latex 60 per cent: 106 (106).
(indiainfoline.com)
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