Rise in spot rubber prices

On Thursday (01 July 2010), the spot rubber prices rose as the markets seemed to be gaining strength to narrow down the gap between the near month July series on the National Multi Commodity Exchange though the global markets were bearish. Sheet rubber increased to Rs 182.50 from Rs 179.75 per kg on fresh buying and short covering.

The July futures for RSS 4 declined to Rs 183.75 (184.58), August to Rs 174.13 (176.64), September to Rs 166.54 (169.11) and October to Rs 162.60 (164.47) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 182.50 (179.75); RSS-5: 178 (177); ungraded: 176 (174.50); ISNR 20: 160 (158) and latex 60 per cent: 127 (127).

(indiainfoline.com)