Spot rubber shows mixed trend

On Wednesday (19 May 2010), the physical rubber prices showed a mixed trend. Sheet rubber ended unchanged at Rs 160 per kg on buyer resistance possibly since the domestic futures were in a corrective phase during the session.

The June futures for RSS 4 declined to Rs 161.20 (163.42), July to Rs 160.90 (163.37), August to Rs 154.70 (158.14) and September to Rs 151.24 (153.76) a kg on National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 160 (160); RSS-5: 156 (155); ungraded: 154 (152); ISNR 20: 139 (138) and latex 60 per cent: 98.50 (97).

(indiainfoline.com)