Financial Daily from THE HINDU group of publications
Friday, Dec 03, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 03, 2004 |
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Agri-Biz & Commodities
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Rubber Most rubber grades down on lack of buying interest Our Correspondent
Kottayam , Dec. 2 THE domestic spot rubber market witnessed a mixed trend, while most of the grades declined in the absence of fresh buying interest. Sheet rubber RSS 4 closed steady at Rs 50 as covering groups continued their purchases in limited quantums. Meanwhile, latex 60 per cent improved by Re 1 as the major processors were not willing to sell at low rates. The rubber futures ruled weak quoting the December delivery at Rs 51.35 (51.41) a kg on Thursday. The near-month January delivery was quoted at Rs 52.11 (52.14), February delivery at Rs 53.11 (53.39) and March delivery at Rs 54.01 ( 54.28) per kg for RSS 4. At Bangkok RSS 3 weakened to Rs 53.28. January futures for RSS 3 closed at 122.4 yen against 123.5 yen at TOCOM. Spot rubber rates a kg were as follows: RSS 4 Rs 50 (50), RSS 5 Rs 48.50 (48.75), ungraded Rs 46.00 (46.50), ISNR 20 Rs 49 (49.25); latex 60 per cent Rs 38.50 (37.50).
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