Business Daily from THE HINDU group of publications
Wednesday, Aug 02, 2006
Business Daily from THE HINDU group of publications Wednesday, Aug 02, 2006 |
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Agri-Biz & Commodities
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Rubber Mixed trend in spot rubber Aravindan
Kottayam , Aug 1 The spot rubber market witnessed a mixed trend on Tuesday. RSS 4 slipped marginally by 50 paise to Rs 92.50 a kg at Kottayam and Kochi as major manufacturers bought the grade only up to the quoted level. The remaining grades improved on comparatively weak supply, while latex 60 per cent surrendered on low demand.
Futures gain
The rubber futures were quoted slightly better on NMCE. The August contract was traded at Rs 93.02 (Rs 92.35), September contract at Rs 90.38 (Rs 90.09), October contract at Rs 89.00 (Rs 88.98) and November contract at Rs 88.27 (Rs 87.94) per kg for RSS 4. The transactions stood at 782 tonnes till mid session. RSS 3 flared up sharply to Rs 110.33 a kg from Rs 105.96 at Bangkok. The September futures for the grade closed at 274.2 yen (Rs 111.09) a kg against 272.7 yen a kg at TOCOM. Spot prices (Rs a kg) were: RSS-4: Rs 92.50 (Rs 93); RSS-5: Rs 90.50 (Rs 90); ungraded: Rs 87.50 (Rs 87); ISNR 20: Rs 89.50 (Rs 89) and latex 60 per cent: Rs 74.72 (Rs 76.30).
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