Japanese Rubber Futures Domestic Market Covering - Oct 31, 2008

Kottayam: The physical rubber prices increased on Oct 30. Sharp gains in the Japanese rubber futures kept the domestic market firm amidst covering purchases. RSS 4 increased to Rs 88.50 from Rs 88 a kg on Oct 29. Prices increased later in the morning session reflecting oil futures strong performance. The grade (spot) ended firm at Rs 91.77 (Rs 91.27) a kg at Bangkok. The per kg spot rates were: RSS-4: 89.50 (88), RSS-5: 86.50 (86), ungraded: 82.50 (81.50), ISNR 20: 84.50 (84.50) and latex 60% : 62.50 (62.50).