Financial Daily from THE HINDU group of publications
Thursday, Dec 30, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 30, 2004 |
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Agri-Biz & Commodities
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Rubber Mixed trend in rubber market Our Correspondent
Kottayam , Dec. 29 A MIXED trend was observed in the domestic spot rubber market on Wednesday. RSS 4 lost 25 paise to close at Rs 54 a kg on brisk selling pressure from traders though the buyers were moderately active in the main marketing centres.
The NMCE rubber futures maintained a firm trend on Wednesday. The January delivery was quoted at Rs 54.70 (54.51), February delivery at Rs 55.78 (55.32), March delivery at Rs 56.90(56.64) and April delivery at Rs 58.05 (57.89) per kg for RSS 4. The volumes were normal. At Bangkok, RSS 3 slipped a tad to Rs 51.97 from Rs 52.08 a kg on Tuesday. Meanwhile, TOCOM will remain closed till January 3, 2005 on account of New Year holidays. The physical rubber rates per kg on Wednesday were: RSS 4 Rs 54 (54.25); RSS 5 Rs 52.50 (52.50); ungraded Rs 50.25 (50.50); ISNR 20 Rs 52.25 (52.25); latex 60 per cent Rs 41.50 (41.50).
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