Friday, April 4, 2014

Mini contracts from May


Forward Markets Commission has permitted National Multi Commodity Exchange (NMCE) to launch rubber mini contracts for up to 5 tonnes from next month to increase the participation of small traders. Currently, NMCE offers futures trading in rubber contracts with a maximum trading unit of 100 tonnes.

Today, the benchmark RSS4 grade rubber closed at `.148 a kg at Kottayam. RSS3 grade closed at `.137.89 a kg at Bangkok and Malaysian SMR20 closed at `.111.80 a kg. Malaysian rubber prices trading at low level following a statement by the Thai Agriculture Minister Yukol Limlaemthong that the Thai Government is planning to sell its 200,000 tonnes of rubber stockpile. On Tokyo Commodity Exchange, April 2014 futures series closed at ¥248.8 a kg, May at ¥250.1, June at ¥229.7, July at ¥224.6, August at ¥224 and the contract for delivery in September 2014 closed at ¥223.1 a kg. On National Multi Commodity Exchange, April 2014 futures were trading at `.145.40 a kg, May at `.149.28, June at `.151.30 and July at `.152.90 a kg.

Read lot more in Rubber4U – 15th April 2014 issue

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