• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Correspondent

Kottayam , March 2

The domestic spot rubber prices continued to rule steady for the third day in a row on Thursday.

Volumes were narrow as most of the traders stayed away due to a 24-hour hartal call by some political parties.

It is reported that manufacturing industries have slowed down consumption probably waiting for the market to cool down to make quantum purchases.

Sheet rubber RSS 4 was unchanged at Rs 81 a kg both at Kottayam and Kochi as on Wednesday.

Though the overseas indices recovered partially reacting to buying at lower levels, domestic rubber futures ruled weak on the NMCE.

Futures weak

The March contract was traded at Rs 81.33 (Rs 81.69), April at Rs 84.10 (Rs 84.28), May at Rs 86.23 (Rs 86.37) and June at Rs 87.86 (Rs 88.16) per kg for RSS 4.

On the MCX, the March delivery contract for RSS 4 declined further to Rs 81.33 a kg from Rs 82.

RSS 3 closed steady at Rs 94.24 a kg at Bangkok spot. The April futures for RSS 3 improved to 252.4 yen from 248.5 yen a kg at TOCOM.

Spot prices (a kg) were unchanged, with RSS-4: Rs 81; RSS-5: Rs 80; ungraded: Rs 79; ISNR 20: Rs 80 and latex 60 per cent at Rs 58.

More Stories on : Rubber

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Going organic

Copyright © 2006, 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