Kottayam: The rubber market improved smartly on Aug 30. RSS 4 increased further to Rs 87.50 and Rs 88 a kg respectively at Kottayam and Kochi from Rs 86 a kg as covering groups and purchase agents turned aggressive in the main marketing centres. The rubber futures followed suite recording handsome gains in all contracts on early trading but lost the benefits partially towards close probably on profit booking at higher levels. The September contract for RSS 4 finished at Rs. 88.25 against Rs 87 a kg on MCX. The September contract for the grade increased to Rs 89.11 (87.82), October to Rs 83.55 (82.75), November to Rs 82.01 (80.98) and December to Rs 81.27 (80.80) per kg on NMCE. The volumes were better at 3,453 (2,363) tonnes. Spot prices were (Rs/kg): RSS-4: 87.50 (86); RSS-5: 85 (83.50); ungraded: 82.50 (81); ISNR 20: 84.50 (83) and latex 60 per cent: 61.05 (61.05).
Source : www.indian-commodity.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment