Financial Daily from THE HINDU group of publications
Thursday, Nov 18, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 18, 2004 |
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Mixed trend prevails in rubber market Our Correspondent
Kottayam , Nov. 17 A mixed trend prevailed in the domestic physical rubber market on Wednesday. RSS 5 and ISNR 20 lost slightly on declining demand while the other grades were steady. Covering groups and purchase agents were also present in the market, but they preferred to keep a low profile. The absence of quantum buyers and sellers depressed the market volumes. The market participants appeared to be waiting for a clear trend to emerge while sheet rubber closed at Rs 52.50 as on Tuesday. The NMCE futures continued to rule weak on negative reports from SICOM and Malaysia though TOCOM closed slightly better. The near month December delivery was quoted at Rs 53.90 (54.22), January delivery at Rs 55.08 (55.45), February delivery at Rs 56.13 (56.47) and March delivery at Rs 56.65 (56.88) per kg for RSS 4. At Bangkok, RSS 3 improved by 12 paise to Rs 56.67 from Rs 56.55 a kg on Tuesday. The December futures for RSS 3 was better at 133.4 yen against 133.1 yen a kg at TOCOM . The spot market rates per kg were as follows: RSS 4 52.50 (52.50); RSS 5 51.25 (51.50); ungraded 49.00 (49.00); ISNR 20 51.50 (52.00); latex 60% 39.50 (39.50).
More Stories on : Rubber
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|