Financial Daily from THE HINDU group of publications
Wednesday, Dec 29, 2004
Financial Daily from THE HINDU group of publications Wednesday, Dec 29, 2004 |
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Rubber market remains firm Aravindan
Kottayam , Dec. 28 SPOT rubber continued to move forward on Tuesday. Though the world markets were reported to be slipping under the grip of a technical correction, the domestic market remained firm as all-round purchases from various sectors contributed to strengthen the prices. An expectation of fresh and better quotes from the tyre companies kept the covering groups and purchase agents active. RSS 4, the sheet rubber improved to Rs 54.25 from Rs 54.00 on Monday. The futures market turned weak as the overseas markets were not supportive. The January delivery was quoted at Rs 54.74 (55.31), February delivery at Rs 55.85 (56.49), March delivery at Rs 57.05 (57.76) and April delivery at Rs 58.14 (58.78) per kg for RSS 4. At TOCOM the January futures for RSS 3 closed weak at 125.3 yen against 126.2 yen a kg while the same grade maintained the steady trend at Rs 52.08 at Bangkok. The spot market rates per kg were: RSS 4 Rs 54.25 (54); RSS 5 Rs 52.50 (52); ungraded Rs 50.50 (50); ISNR 20 Rs 52.25 (51.50); latex 60% Rs 41.50 (41).
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
|