Spot rubber prices end firm

On Thursday (21 October 2010), the spot rubber prices ended firm and the market lost its direction as the domestic futures on the National Commodity Exchange went into a corrective phase possible on profit booking at higher levels. Sheet rubber ended flat at Rs 190 per kg in the main marketing centres.

The November futures for RSS 4 declined to Rs 193.50 (196.33), December to Rs 195.34 (198.95), January to Rs 198.80 (200.89) and February to Rs 200 (202.98) per kg on the National Multi Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 190 (190); RSS-5: 180 (180); ungraded: 175 (175); ISNR 20: 186 (186) and latex 60 per cent: 121 (121).

(indiainfoline.com)