Business Daily from THE HINDU group of publications
Friday, Nov 17, 2006
ePaper
Business Daily from THE HINDU group of publications Friday, Nov 17, 2006 ePaper |
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Agri-Biz & Commodities
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Rubber Supply concerns emerge in rubber Aravindan
Kottayam , Nov. 16 Sheet rubber closed flat at Rs 80 a kg both at Kottayam and Kochi on supply concerns. Certain major manufacturers were reported to be buyers on the grade. The market seemed to be sustaining at current levels due to the shortage of rubber in the physical front. Ungraded rubber firmed up on extremely tight supply but latex lost further on low demand.
Futures firm
In futures, the December delivery contract for RSS 4 closed at Rs 79.20 a kg against Rs 78.95 a kg recording 333 lots on MCX. On NMCE, the December contract was weak at Rs 79.25 (Rs 79.65), January at Rs 80.34 (Rs 80.73), February at Rs 81.50 (Rs 81.89) and March at Rs 83.16 (Rs 83.00) per kg, while the transactions totalled 1,287 (1,312) tonnes. Open interest in December was 2272 (2180) tonnes, January 1674 (1573) tonnes, February 855 (809) tonnes and March 38 tonnes on NMCE. On TOCOM, December futures for RSS 3 fell further to 195.3 Yen (Rs 74.67) a kg from 198.5 yen a kg. The same grade declined to Rs 76.06 a kg against Rs 77 at Bangkok spot. The per kg spot prices were: RSS-4: Rs 80 (Rs 80); RSS-5: Rs 78 (Rs 78); ungraded: Rs 75 (Rs 74); ISNR 20: Rs 78 (Rs 78) and latex 60 per cent: Rs 51.60 (Rs 52.60).
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