Financial Daily from THE HINDU group of publications
Thursday, Jan 26, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 26, 2006 |
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Corporate Results
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Rubber Bullish trend resumes in rubber market Our Correspondent
Kottayam , Jan. 25 SPOT rubber resumed the uptrend to close at another new high on Wednesday. Firm international indices inspired the covering groups and purchase agents to chase the raw material, while most of the dealers and growers continued to hold on the stocks targeting Rs 80 per kg for sheet rubber. The grade improved to Rs 77 a kg from Rs 76.50 and Rs 76.75 a kg respectively at Kottayam and Kochi on fresh demand. NMCE maintained the firm tend in rubber futures quoting the February delivery contract at Rs 78.34 (78.21), March at Rs 79.74 (79.62), April at Rs 81.15 (81.03) and May contract at Rs 82.32 (82.17) per kg for RSS 4. RSS 3 flared up to Rs 87.52 from Rs 86.22 a kg at Bangkok spot. The February futures for the grade closed at 234 yen (Rs 90) against 226.4 Yen a kg at TOCOM. Spot prices a kg were: RSS-4: Rs 77 (Rs 76.50), RSS-5: Rs 75.50 (Rs 74.75), ungraded: Rs 74 (Rs 73.50), ISNR 20: Rs 75 (Rs 74.25) and latex 60%: Rs 54.50 (Rs 54).
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