Financial Daily from THE HINDU group of publications
Tuesday, Mar 14, 2006
Financial Daily from THE HINDU group of publications Tuesday, Mar 14, 2006 |
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Agri-Biz & Commodities
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Rubber Mixed trend in spot rubber Our Correspondent
Kottayam , March 13 PHYSICAL rubber prices were in a mixed trend on Monday. Most of the players adopted a wait and watch policy influenced by news on various decisive factors such as fresh imports by tyre sector and excess stocks in warehouses. Sheet rubber stayed flat at Rs 79 a kg at Kottayam while it improved to Rs 79.50 from Rs 79.25 a kg at Kochi. The remaining grades except RSS 5 gained as reports from the overseas futures were promising. The undercurrent appeared firm.
Futures better
The rubber futures were slightly better on NMCE. The April contract was traded at Rs 82.25 (81.85), May Rs 84.81 (84.64) and June contract at Rs 86.35 (86.18) per kg for RSS 4. No transactions were recorded in March till mid-session as the contracts will expire on Tuesday. The trading volumes till noon totalled 767 lots with 202 lots in April, 386 lots in May and 179 lots in June. The March delivery contract for RSS 4 was quoted at Rs 76.86 against Rs 76.27 a kg on MCX. The April futures for RSS 3 improved to 236.2 yen (Rs 88.44) from 233.5 yen a kg at TOCOM. The grade lost 11 paise to close at Rs 91.03 against Rs 91.14 a kg at Bangkok spot. The spot prices per kg are as follows: RSS-4: 79 (79); RSS-5: 78 (78); ungraded: 77 (76.50); ISNR 20: 78 (77.75); & latex 60% (a litre): 56 (55.50).
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