Financial Daily from THE HINDU group of publications
Thursday, Feb 23, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 23, 2006 |
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Agri-Biz & Commodities
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Rubber Spot rubber prices firm on low arrivals Our Correspondent
Kottayam , Feb. 22 DECLINING arrivals and the scarcity of sellers kept the domestic spot rubber prices firm on Wednesday. According to sources, even village markets seemed to be suffering from short supply. Certain buyers from the tyre sector were buying sheet rubber up to Rs 79.50 per kg. The grade closed steady at Rs 80 and Rs 80.50 per kg both at Kottayam and Kochi. The remaining grades improved on fresh enquiries, but the volumes were meagre. The NMCE rubber futures lost marginally on uncertain overseas advises quoting the March contract at Rs 82.50 (Rs 82.81), April contract at Rs 85.30 (Rs 85.53), May contract at Rs 87.40 (Rs 87.55) and June contract at Rs 88.55 (Rs 88.71) per kg for RSS 4. The May contract for RSS 4 was traded at Rs 87.20 against Rs 87.90 per kg on MCX. The March futures for RSS 3 moved down to 246.9 yen (Rs 92.60) from 248.7 yen per kg at TOCOM. But the grade improved to Rs 91.25 from Rs 90.57 per kg at the Bangkok spot. Spot prices a kg were: RSS-4: Rs 80 (Rs 80); RSS-5: Rs 79.25 (Rs 79); ungraded: Rs 78 (Rs 77.50); ISNR 20: Rs 79 (Rs 78.75); latex 60% (per litre): Rs 57.50 (Rs 57).
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