Thursday, October 16, 2008

Rubber Finished Almost Firm Closed Unaltered - Oct 16, 2008

Kottayam: Spot rubber finished almost firm on Oct 15. RSS 4 closed unaltered at Rs 86 a kg as on Oct 14. The rubber futures on the Tokyo Commodity Exchange were hit badly by another fall in oil futures and gains in yen against dollar. All six contracts fell in to life time lows on early trades but regained partially on late trading as sentiments improved slightly in the afternoon. RSS 3 (spot) declined further to Rs 89.57 (95.74) a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 86 (86); RSS-5: 82 (82); ungraded: 80 (78); ISNR 20: 81 (81) and latex 60 per cent: 70 (70).

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