Financial Daily from THE HINDU group of publications
Sunday, Jun 04, 2006
Financial Daily from THE HINDU group of publications Sunday, Jun 04, 2006 |
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Agri-Biz & Commodities
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Rubber Steady trend in spot rubber Aravindan
Kottayam , June 3 An almost steady trend prevailed in physical rubber prices on Saturday. The covering groups maintained the quotes ensuring a positive opening on Monday. The undercurrent appeared firm, as there was no selling pressure from dealers or growers.
Futures gain
The rubber futures registered moderate gains on NMCE. The session witnessed renewed buying interest mostly from day traders to encash the high volatility of the market. The June contract closed at Rs 109.00 (Rs 107.00), July at Rs 111.34 (Rs 108.72), August contract at Rs 108.00 (Rs 105.67) and September at Rs Rs 104.10 (Rs 102.12) per kg for RSS 4. Spot prices (Rs a kg) were: RSS-4: Rs 106 (Rs 106); RSS-5: Rs 100 (Rs 99); ungraded: Rs 95 (Rs 95); ISNR 20: Rs 97 (Rs 97) and latex 60 per cent (per litre): Rs 73 (Rs 72.50).
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