Financial Daily from THE HINDU group of publications
Tuesday, Jun 13, 2006
Financial Daily from THE HINDU group of publications Tuesday, Jun 13, 2006 |
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Agri-Biz & Commodities
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Rubber Spot rubber prices mixed Aravindan
Kottayam , June 12 The physical rubber prices showed a mixed mood on Monday. The weekend losses were partially recovered on renewed buying interest from the covering groups and purchase agents but the volumes were low. Sheet rubber improved to Rs 110 from Rs 109.50 a kg both at Kottayam and Kochi reflecting the overall sentiments in the domestic scene. The trend of the day was led by rocking gains in Japanese rubber futures due to supply concerns and yen's weakness coupled with gains in oil products futures.
Futures gain
The rubber futures recorded handsome gains except for the delivery month June, which weakened marginally to Rs 109.75 against 110.08 a kg on NMCE. TheJuly contract was traded at Rs 114.39 (Rs 112.56), August contract at Rs 111.45 (Rs 108.74) and September at Rs 106.50 (Rs 103.75) per kg for RSS 4. The transactions totalled 1,533 tonnes till noon. The July futures for RSS 3 moved up sharply to 323.9 Yen (Rs 130.23) from 316 Yen a kg at TOCOM. The grade closed at Rs 128.58 against Rs 126.00 a kg at Bangkok spot. Spot prices (Rs a kg) were: RSS-4: Rs 110.00 (Rs 109.50); RSS-5: Rs 105 (Rs 104); ungraded: Rs 99 (Rs 99); ISNR 20: Rs 100 (Rs 100) and Latex 60 per cent: Rs 77.87 (Rs 77.87).
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