Rise in spot rubber prices

On Tuesday (18 May 2010), the spot rubber prices rose due to speculative interests. Another bull run in the domestic and international markets mainly TOCOM catalysed the day's mood. Sheet rubber increased sharply to Rs 160 (Rs 155) per kg amidst scattered transactions.

The June futures for RSS 4 rose to Rs 163.30 (157.90), July to Rs 163.11 (157.72) and August to Rs 158 (154.34) a kg on National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 155 (154); RSS-5: 151 (150); ungraded: 148 (147.50); ISNR 20: 136 (137) and latex 60 per cent: 96 (97).

(indiainfoline.com)