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Mixed trend in spot rubber on Nov. 26, 2012

Mixed trend in spot rubber on Nov. 26, 2012KOTTAYAM, NOV. 26: 

Spot rubber showed a mixed trend on Monday. Leading counters were flat as sentiments remained neutral following a weak trend in domestic futures, while ISNR 20 improved on fresh demand and latex slipped on buyer resistance.

Sheet rubber closed steady at Rs 175 a kg according to traders. The grade finished unchanged at Rs 174 a kg at Kottayam and Kochi as quoted by the Rubber Board.

The December series weakened to Rs 176.50 (178.28), January to Rs 178.75 (180.55), February to Rs 181.40 (183.34) and May to Rs 189.50 (192.33) a kg, while the March series improved to Rs 184 (183.31) and April series remained inactive on the National Multi Commodity Exchange.

RSS 3 (spot) increased marginally to Rs 166.79 (166.31) a kg at Bangkok. The November futures expired at ¥249 (Rs 169.49) , while the December futures dropped to ¥247.7 (Rs 169.61) from ¥249.4 during the day session and then to ¥245.6 (Rs 167.19) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 175 (175); RSS-5: 170 (170); ungraded: 165 (165); ISNR 20: 162.50 (161) and latex 60 per cent: 111 (112).

Source: Business Line

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