Rise in spot rubber prices

 On Thursday (14 October 2010), the spot rubber prices rose further due to short supplies and covering purchases following gains in futures. Sheet rubber ended higher at Rs. 179.50 from Rs. 178 per kg after hitting intra-day high of Rs. 180 per kg on early trades.

The October futures for RSS 4 rose to Rs. 185.50 (184) and November to Rs. 185.68 (184.86) while the December futures declined to Rs. 188.49 (188.82) and January to Rs. 191.80 (192.66) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 179.50 (178); RSS-5: 171 (169); ungraded: 168 (167); ISNR 20: 176 (174) and latex 60 per cent: 116.50 (116.50).

(indiainfoline.com)