Tuesday, March 1, 2011

Spot rubber gains

KOTTAYAM, FEB 28:

Rubber prices improved on Monday with sentiments being catalysed by recovery in domestic futuresFresh buying and short covering also lent support.

Sheet rubber improved to Rs 220 (217) a kg according to traders. The grade finished unchanged at Rs 221 (221) a kg both at Kottayam and Kochi as quoted by the Board's official website.

March contracts rebounded to Rs 223.77 (215.17) and April to Rs. 232.93 (223.98) a kg for RSS 4 on the National Multi Commodity Exchange.

Spot rates (Rs/kg) were: RSS-4: 220 (217); RSS-5: 218 (213 ); Ungraded: 215 (211); ISNR 20: 219 (216) and Latex 60%: 142 (142 )

(Source: http://www.thehindubusinessline.com/markets/commodities/article1497895.ece)

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