Spot rubber skids on global cues on Nov. 16, 2012

0
649

Spot rubber skids on global cues on Nov. 16, 2012KOTTAYAM, NOV. 16: 

finished weak on Friday.

Declines in the domestic and international futures and the absence of genuine buyers continued to weigh over the commodity.

The Key TOCOM fell as took profits, with the Yen stabilising after recent declines on the possibility of further monetary easing in Japan.

Article continues below Advertisement...

Sheet dropped to Rs 168 (171) a kg, according to traders. The grade declined to Rs 168.50 (170.50) a kg at Kottayam and Kochi , according to Board.

The December series weakened to Rs 170.85 (172.35), January to Rs 172.89 (174.78) February to Rs 175.30 (177.37) and April to Rs 180.67 (183.35) a kg, while the March series remained inactive on the National Multi Commodity Exchange.

RSS 3 (spot) improved to Rs 164.92 (164.09) a kg at Bangkok.

The November futures dropped to ¥236.1 (Rs 161.32) from ¥238.9 a kg during the day session, but then remained inactive in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 168 (171); RSS-5: 165 (167); ungraded: 161 (162); ISNR 20: 158 (159) and latex 60 per cent: 111.50 (109).

Source: Business Line

LEAVE A REPLY

Please enter your comment!
Please enter your name here