Rubber improves on dull volumes

Kottayam, Dec. 8

Physical rubber prices turned better on Wednesday. The market seemed to be reacting to the unexpected and unseasonal rains during the last 16 hours.

Moderate gains in Bangkok spot rates catalysed the sentiments considerably discounting the slight weakness in domestic futures. The volumes were dull.

Sheet rubber improved to Rs 198 from Rs 197.50 a kg both at Kottayam and Kochi, according to the Dealers and Rubber Board.

RSS-4 slipped at its December series to Rs 198 (Rs 198.96), January to Rs 201.50 (Rs 202.02), February to Rs 205.11 (Rs 205.97) and March to Rs 208.68 (Rs 209.44) a kg on the National Multi Commodity Exchange (NMCE).

The volumes totalled 6,140 lots and open interest 6,688 lots. The turnover was Rs 125.02 crore.

The December futures for RSS-3 increased marginally to Rs 369.3 (198.44) from Rs 368.5 a kg during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange (TOCOM). RSS-3 (spot) flared up to Rs 205.18 (202.70) a kg at Bangkok.

The spot rubber rates per kg follow: RSS-4 Rs 198 (197.50), RSS-5 Rs 188 (187.50), Ungraded Rs 183 (182), ISNR 20 Rs 191 (190.50), and Latex 60 per cent Rs 128 (128).

(Source: http://www.thehindubusinessline.com/2010/12/09/stories/2010120952981800.htm)