Financial Daily from THE HINDU group of publications
Thursday, Dec 02, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 02, 2004 |
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Agri-Biz & Commodities
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Rubber Spot rubber steady Our Correspondent
Kottayam , Dec. 1 AMIDST narrow purchases from the covering groups and purchase agents, spot rubber prices closed almost unchanged on Wednesday.
The NMCE futures continued its downfall quoting the December delivery at Rs 51.12 against Rs 51.27 a kg with moderate volumes. The near month January delivery was quoted at Rs 51.85 (52.36), February delivery at Rs 52.60 (53.33) and March delivery at Rs 53.65 (54.38) per kg for RSS 4. A strong yen and reports on improving rubber supply in Thailand continued to hammer the international markets. At TOCOM, the January futures for RSS 3 closed at 123.5 yen against 123.2 yen while the same grade moved down to Rs 53.51 from Rs 53.56 a kg on at Bangkok. The physical rubber rates per kg were as follows: RSS 4 Rs 50 (50.25); RSS 5 Rs 48.75 (48.75); ungraded Rs 46.50 (46.50); ISNR 20 Rs 49.25 (49.25); latex 60 per cent Rs 37.50 (37.50).
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