On Wednesday (28 July 2010), the spot rubber prices rose as the market continued to suffer from short supplies. Sheet rubber increased further to Rs 185 from Rs 183.50 per kg on fresh buying and short covering. Latex 60% declined further due to low demand.
The August futures for RSS 4 declined to Rs 184.02 (184.66), September to Rs 169 (171.86), October to Rs 161.40 (161.71) and November to Rs 160.39 (160.49) a kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 185 (183.50); RSS-5: 179 (178); ungraded: 169 (168); ISNR 20: 157 (156.50) and latex 60 per cent: 111 (112).
(indiainfoline.com)
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