KOTTAYAM, NOV.29:
Rubber prices improved on Friday, gaining strength from overall gains in the domestic and international futures markets.
The commodity was almost steady during early trade, but covering purchases at lower levels helped prices to firm up during late trading hours.
According to sources, major consuming industries continued to abstain from the market. The trend was mixed.
Sheet rubber increased to Rs 153 (Rs 151) a kg, as quoted by the traders.
The grade finished firm at Rs 152.50 (Rs 152) and Rs 149.50 (Rs 149) respectively, according to the Rubber Board and dealers.
December futures improved to Rs 155.20 (Rs 154.35), January to Rs 157.30 (Rs 156.40), February to Rs 160 (Rs 159.13), March to Rs 162.39 (Rs 159.99) and April to Rs 163.50 (Rs 161.50) on the National Multi Commodity Exchange.
RSS 3 (spot) closed marginally higher at Rs 155 (Rs 154.45) at Bangkok. December futures closed at ¥262.2 (Rs 160.04) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 153 (151); RSS-5: 142.50 (142); Ungraded: 139 (137); ISNR 20: 144.50 (144.50); and Latex 60%: 105 (105).
Source: The Hindu
