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Thursday, Sep 21, 2006

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Spot rubber prices decline


Kottayam , Sept. 20

The domestic rubber prices lost ground on Wednesday. The market was affected by heavy losses in international futures especially TOCOM.

A plunge in Singapore rubber followed by steep declines in gold and oil futures and the recent political developments in Thailand were the most influencing factors behind the overseas bear strike. Sheet rubber fell to Rs 81.00 a kg from Rs 83.00 and Rs 82.50 a kg respectively at Kottayam and Kochi.

Futures weak

The NMCE rubber futures declined further quoting the October contract at Rs 77.35 (Rs 78.39), November contract at Rs 76.70 (Rs 77.70), December contract at Rs 77.05 (Rs 77.48) and January at Rs 78.25 (Rs 79.98) per kg for RSS 4.

Physical rubber prices per kg were: RSS-4: Rs 81 (Rs 83); RSS-5: Rs 79 (Rs 80); ungraded: Rs 76 (Rs 77.75); ISNR 20: Rs 78.50 (Rs 79.50) and latex 60 per cent: Rs 62.10 (Rs 62.10).

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