On Saturday (28 August 2010), the spot rubber prices ended weak due to technical and fundamental reasons and most of the traders seemed to be fearing further fall in prices. Sheet rubber declined to Rs 168 from Rs 170 per kg on buyer resistance.
The September futures for RSS 4 declined to Rs 168.44 (168.77), October to Rs 164.58 (164.86), November to Rs 163.45 (164.01) and December to Rs 164 (164.11) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 168 (170); RSS-5: 162.50 (164); ungraded: 156 (159.50); ISNR 20: 150 (150) and latex 60 per cent: 113 (113).
(indiainfoline.com)
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