Tuesday, September 14, 2010

Rise in spot rubber prices

On Monday (13 September 2010), the spot rubber prices rose following the sharp gains on NMCE. Sheet rubber increased to Rs 169 from Rs 167.50 per kg on fresh buying and short covering.

The September futures for RSS 4 rose to Rs 172.84 (169.83), October to Rs 169.67 (164.92), November to Rs 169.02 (164.71) and December to Rs 171.20 (166.63) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 169 (167.50); RSS-5: 165 (162.50); ungraded: 162 (158); ISNR 20: 154 (152) and latex 60 per cent: 114 (112). 

(indiainfoline.com)
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