Spot rubber ends steady

The spot rubber prices ended steady on Thursday (17 June 2010). The market activities almost hit the bottom line as the traders were mostly reluctant to enlarge their commitments. Sheet rubber ended flat at Rs 169 per kg amidst extremely thin volumes.

The July futures for RSS 4 declined to Rs 168.52 (166.00), August to Rs 164.25 (160.95), September to Rs 159.93 (156.75) and October to Rs 156.55 (154.97) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 169.50 (169.50); RSS-5: 167 (167); ungraded: 165 (165); ISNR 20: 150.50 (150.50) and latex 60 per cent: 120 (120).

(indiainfoline.com)