| Aravindan,
Kottayam, July 11 The domestic rubber prices recovered on Friday. Covering groups kept the market visibly on the higher side as trend setting international indices turned better.
Sheet rubber RSS 4 closed at Rs 131.50 a kg against Rs 129.50 a kg on Thursday.
The volumes were low while the trend was mixed.
July futures rebound
The July contract for RSS 3 bounced back to ¥344.8 (Rs 139.24) from ¥335.2, August to ¥344.4 (334.3), September to ¥343.9 (334.5), October to ¥345 (334.9), November to ¥345.8 (335.5) and December to ¥346.4 (335.8) a kg at TOCOM. Its spot firmed up to Rs 138.76 (138.27) a kg at Bangkok.
Spot prices were (Rs/kg): RSS-4: 130.75 (129.50); RSS-5: 128.75 (128); ungraded: 126.75 (126); ISNR 20: 129 (129) and latex 60 per cent: 88.50 (88.50). |