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Sunday, December 02, 2007
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Commodity Commentary
Nov 30 2007 8:19AM
Mixed trend in rubber prices
Sheet rubber finished in the red at Rs 94 (Rs 94.50) per kg both at Kottayam and Kochi. December futures for RSS 4 weakened to Rs 96.15 from Rs 96.50 per kg on MCX. The grade declined at its December futures to Rs 96.68 (Rs 97.25), January to Rs 98.10 (Rs 98.75), February to Rs 99.26 (Rs 100.02) and March futures to Rs 101.34 (Rs 101.90) per kg on NMCE.

December futures for RSS 3 fell further to 258.3 yen (Rs 94) from 260.4 yen per kg at TOCOM. Its spot slipped by 38 paise to Rs 97.57 per kg at Bangkok.

Spot rubber prices were (Rs/kg): RSS-4: 94 (94.50); RSS-5: 90.50 (91.00); Ungraded: 86 (86.50); ISNR 20: 89.50 (89.50) and Latex 60%: 62.50 (62.50).

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