Spot rubber finished firm on Friday. The market opened steady but improved later on covering purchases at lower levels following the better trend in domestic futures. There were no quantity sellers in the local trading houses as most traders expected a short term recovery in prices.
Sheet rubber improved to Rs.140.00 (139.00) per kg as quoted by the traders.
The grade closed steady at Rs.138.50 and Rs.135.50 per kg respectively according to Rubber Board and dealers.
The May contracts improved to Rs.139.25 (138.39), June to Rs.142.00 (140.60), July to Rs.143.03 (141.79) and August to Rs.142.50 (140.00) per kg while the Rubber Mini May contracts concluded at Rs.139.50 (138.75), June at 141.45 (141.40) and July at Rs.140.00 (141.79) per kg on National Multi Commodity Exchange (NMCE).
-The Hindu
