Rise in spot rubber prices

On Thursday (22 July 2010), the spot rubber prices rose due to supply concerns but the prices failed to reach the expected levels as futures failed to hold on to early gains on the National Multi commodity Exchange. Sheet rubber increased to Rs 181 from Rs 180 per kg, while the trend was mixed as ungraded and latex ended flat.

The August futures for RSS 4 declined to Rs 177.70 (179.49), September to Rs 163.80 (166.38), October to Rs 159.01 (160.75) and November to Rs 159 (161.06) a kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 181 (180); RSS-5: 176.55 (175); ungraded: 170 (171); ISNR 20: 160 (159) and latex 60 per cent: 125 (125).

(indiainfoline.com)