On Monday (09 August 2010), the spot rubber prices declined further mainly due to buyer resistance. Sheet rubber declined to Rs 185 from Rs 186 per kg, while the trend was mixed as latex 60% ended higher due to supply concerns and ISNR-20 ended flat amidst scattered transactions.
The August futures for RSS 4 rose to Rs 189.66 (187.49), September to Rs 174.50 (172.68), October to Rs 164.75 (163.32) and November to Rs 162.16 (160.70) a kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 185 (186); RSS-5: 175 (177); ungraded: 166 (166); ISNR 20: 157 (157) and latex 60 per cent: 107.50 (106).
(indiainfoline.com)
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