Financial Daily from THE HINDU group of publications Saturday, Nov 06, 2004 |
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Agri-Biz & Commodities
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Rubber Spot rubber rules steady Our Correspondent
Kottayam , Nov. 5 THOUGH the buying pressure eased a tad, the physical rubber market maintained a steady trend amidst low arrivals on Friday. The covering groups buying on behalf of the major tyre groups procured sheet rubber up to Rs 53.25 but they were unwilling to enhance the quotes further. While the selected grades closed static, latex lost marginally on less demand. The NMCE futures turned weak on Friday. The November delivery was quoted at Rs 54.43 (54.71), December delivery at Rs 55.00 (55.19), January delivery at Rs 56.07 (56.21) and February delivery at Rs 57.02 (57.22) per kg for RSS 4. At Bangkok, RSS 3 was static at Rs 57.48 while the TOCOM December futures for the same grade improved to 137.2 yen from 136.6 yen a kg on Thursday. The spot market rates per kg on Friday were: RSS 4 Rs 53.25 (53.25); RSS 5 Rs 52.25 (52.25); ungraded Rs 49.50 (49.50); ISNR 20 Rs 52.75 (52.75); latex 60 per cent Rs 39.50 (40).
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