Financial Daily from THE HINDU group of publications
Friday, Jun 09, 2006
Financial Daily from THE HINDU group of publications Friday, Jun 09, 2006 |
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Agri-Biz & Commodities
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Rubber Spot rubber prices improve Aravindan
Kottayam , June 8 Spot rubber improved on Thursday. The session remained in buyers mode powered by positive Japanese indices riding mainly on weakening yen against strong dollar. Sheet rubber firmed up to Rs 110 a kg from Rs 109 a kg both at Kottayam and Kochi. But according to the reports from Kochi, the market lacked the real fire though the prices were quoted slightly higher on scattered transactions. Certain major manufacturers were also buyers on sheet rubber.
Futures firm
The rubber futures were better on NMCE. The June contract was quoted at Rs 110.70 (Rs 110.20), July at Rs 113.78 (Rs 112.57), August at Rs 109.88 (Rs 108.61) and September at Rs 105.00 (Rs 103.57) per kg for RSS 4. The transactions till mid-session stood at 1,575 tonnes. The July futures for RSS 3 closed at 315.1 yen (Rs 127.27) against 312.8 yen a kg at TOCOM. The grade improved further to Rs 126.00 from Rs 125.34 a kg at Bangkok spot. The spot prices per kg were: RSS-4: Rs 110 (Rs 109); RSS-5: Rs 105 (Rs 104); Ungraded: Rs 100 (Rs 99); ISNR 20: Rs 101 (Rs 101) and Latex 60 per cent: Rs 77.87 (Rs 77.87).
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