Rise in spot rubber prices

On Monday (11 October 2010), the spot rubber prices rose mainly due to covering purchases catalyzed by the gains on the National Multi Exchange. The trend was mixed ISNR 20 and latex 60% remained unchanged. Sheet rubber increased to Rs. 175 from Rs. 174.50 per kg in the major marketing centres.

The October futures for RSS 4 rose to Rs. 177.50 (176.73), November to Rs. 179.21 (177.55), December to Rs. 182.38 (180.45) and January to Rs. 185 (183.20) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 175 (174.50); RSS-5: 168 (167.50); ungraded: 165 (164.50); ISNR 20: 171 (171) and latex 60 per cent: 116 (116).

(indiainfoline.com)