Business Daily from THE HINDU group of publications
Tuesday, Jun 20, 2006
Business Daily from THE HINDU group of publications Tuesday, Jun 20, 2006 |
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Agri-Biz & Commodities
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Rubber Spot rubber rules steady Aravindan
Kottayam , June 19 The physical rubber prices ruled steady on Monday. The market resisted in tandem with zooming Japanese markets following yen's weakness against dollar. It also lacked support from consuming sectors. Anyhow covering groups kept the prices steady to attract enhanced quotes from the tyre sector. Sheet rubber closed flat at Rs 105 and Rs 106 a kg respectively at Kottayam and Kochi as on Saturday. The trading activities were in an extremely low key.
Futures firm
The rubber futures stayed in tune with an almost steady trend on NMCE. The July contract was quoted at Rs 109 (Rs 108.84), August at Rs 109.10 (Rs 109.14), September at Rs 105.60 (Rs 105.92) and October at Rs 103.50 (Rs 103.40) per kg for RSS 4. Spot prices (Rs a kg) were: RSS-4: Rs 105 (Rs 105); RSS-5: Rs 102 (Rs 102); ungraded: Rs 97(Rs 97); ISNR 20: Rs 100 (Rs 100) and latex 60 per cent: Rs 78.95 (Rs 78.95).
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