Financial Daily from THE HINDU group of publications
Tuesday, Jan 04, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 04, 2005 |
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Spot rubber prices weak Our Correspondent
Kottayam , Jan. 3 AFTER a steady and firm closing on Saturday, most of the spot rubber grades were quoted slightly weak on Monday. Buyers preferred to maintain a low profile in the absence of clear signals from the leading international markets, while certain traders sold the stock in low quantum. The market appeared rather calm and scattered transactions resulted in a mixed mood as ungraded rubber and latex were steady. RSS 4 slipped to Rs 54.75 from Rs 55 a kg on Saturday. The domestic rubber futures turned weak with a decline in volumes. The January delivery was quoted at Rs 55 (Rs 55.27); February delivery at Rs 56.25 (Rs 56.46); March delivery at Rs 57.15 (Rs 57.56); andApril delivery at Rs 58.25 (Rs 58.75) per kg for RSS 4. According to sources the market appeared to be in a corrective mood in the absence of fresh factors. The spot rubber rates were: RSS 4 Rs 54.75 (Rs 55); RSS 5 Rs 52.50 (Rs 53); ungraded Rs 51 (Rs 51); ISNR 20 Rs 52.25 (Rs 52.50); latex 60% Rs 42 (Rs 42).
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 | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, 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
|