Business Daily from THE HINDU group of publications
Tuesday, Jul 25, 2006
Business Daily from THE HINDU group of publications Tuesday, Jul 25, 2006 |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Rubber continues to slip Aravindan
Kottayam , July 24 Domestic spot rubber rates continued their decline on Monday. Major consuming sectors stuck to their "wait and watch policy" as the reports from the global commodity exchanges were still unfavourable. Sheet rubber RSS 4 moved down to Rs 92 from Rs 94 a kg at Kottayam and Kochi. According to sources, a leading tyre company was buyer up to Rs 92.50 per kg for the grade.
Futures weak
The rubber futures ruled extremely weak on NMCE. The August contract was quoted at Rs 91.50 (Rs 93.40), September at Rs 87.50 (Rs 90.08), October at Rs 87.20 (Rs 88.07) and November contract at Rs 86.40 (Rs 87.04) per kg for RSS 4. The volumes stood at 2,047 tonnes with 1092 tonnes in August, 799 tonnes in September, 79 tonnes in October and 77 tonnes in November till mid session. At Bangkok, RSS 3 was flat at 112.55 a kg as on Friday. It's August futures declined to 280.5 yen (Rs 112.88) from 282.4 yen a kg at TOCOM. Physical rubber prices per kg were: RSS-4: Rs 92 (Rs 94); RSS-5: Rs 91 (Rs 92.50); ungraded: Rs 89.50 (Rs 91); ISNR 20: Rs 91 (Rs 92.50) and latex 60 per cent: Rs 77.35 (Rs 77.90).
More Stories on : Rubber
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|