Financial Daily from THE HINDU group of publications
Tuesday, Aug 31, 2004
Financial Daily from THE HINDU group of publications Tuesday, Aug 31, 2004 |
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Agri-Biz & Commodities
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Rubber Spot rubber gains on moderate buying Our Correspondent
Kottayam , Aug. 30 SPOT rubber prices flared up on Monday on moderate buying from all sectors including the covering groups and purchase agents. The scarcity of raw material influenced the market sentiment while panic short covering accelerated the upward movement from the beginning of the session. According to market sources, the tapping process has been disrupted by morning showers for a few days now. In the futures section, September delivery rules at Rs 56.10 a kg (Rs 55.35); October delivery was quoted at Rs 53.87 (Rs 53.32), November delivery at Rs 53.14 (Rs 52.62) and December delivery at Rs 52.70 (Rs 52.27) per kg for RSS 4. The spot market rates a kg were as follows: RSS 4 55 (54); RSS 5 51.50 (51); ungraded 51 (49.25); ISNR 20 50.50 (49.50); latex 60 per cent 38 (37.50).
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