Spot rubber rules steady

On Wednesday (29 September 2010), the spot rubber prices ruled steady as the market managed to sustain at current levels mainly on supply concerns. Sheet rubber ended flat at Rs. 168.50 per kg in main marketing centres.

The October futures for RSS 4 declined to Rs. 171.50 (172.37), November to Rs. 173.30 (175032), December to Rs. 176.04 (177.19) and January to Rs. 178.25 (179.17) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 168.50 (168.50); RSS-5: 165 (165); ungraded: 162 (162); ISNR 20: 163 (163) and latex 60 per cent: 115.50 (115.50).

(indiainfoline.com)