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Commodity Commentary
Dec 8 2007 10:13AM
Buyer resistance keeps spot rubber static
The international rubber prices turned better led by TOCOM on Friday. The trend setter finished firm at 258.4 yen (Rs 91.59) against 254.2 per kg at its January futures for RSS 3. RSS 3 slipped further to Rs 95.14 (Rs 95.36) per kg at Bangkok. Sheet rubber RSS 4 ended unchanged at Rs 92 per kg at Kottayam and Kochi.

On NMCE, December contract down the shutters at Rs 93.50 (93.48), January at Rs 94.68 (94.61), February at Rs 95.90 (96.14) and March at Rs 97.75 (98.06) per kg for RSS 4. December futures improved to Rs 94.43 from Rs 93.30 per kg on MCX.

Spot prices were (Rs/kg): RSS-4: 92 (92); RSS-5: 88 (89); ungraded: 85 (84.50); ISNR 20: 87 (88) and latex 60%: 61 (61).

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