Kottayam: Spot rubber was firm on Oct 8. Sheet rubber RSS 4 closed static at Rs 89 a kg at Kottayam, while the grade improved by 50 paise to Rs 89.50 a kg at Kochi moving more closely to the bullish mood in domestic futures. The rubber futures showed a better trend trading the November contract at Rs 87.59 (86.70) a kg on MCX. The October contract for RSS 4 increased sharply by the initial daily limit of 2 per cent to Rs 91.60 (89.80) a kg on supply concerns, while the November contract increased to Rs 87.95 (86.63), December to Rs 88 (86.60) and January to Rs 88.99 (87.71) per kg on NMCE. Spot prices were (Rs/kg): RSS-4: 89 (89); RSS-5: 87 (87); ungraded: 85 (85); ISNR 20: 86 (86) and latex 60 per cent: 62.10 (62.10).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment