• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Correspondent

Kottayam , Dec. 21

Domestic spot rubber lost ground following a dull closing in global futures. Moreover, the dealers were coming forward to sell since the inflow of the raw material has picked up considerably.

Sheet rubber RSS 4 weakened to Rs 88.50 from Rs 89.50 and Rs 89.00 a kg respectively at Kottayam and Kochi. The market suffered all-round losses, while the quotes from major manufacturers were given up to Rs88.50 per kg for sheet rubber.

Futures improve

The futures market turned better on NMCE. The January contract finished at Rs 92.20 ( 91.35 ), February at Rs 94.40 ( 93.07 ), March at Rs 95.70 (94.37 ) and April at Rs 98 ( 96.96) a kg for RSS 4. RSS 4 improved to Rs 91.65 from Rs. 91.31 a kg at its January delivery on MCX . The volumes were 815 ( 1026 ) lots.

RSS 3 moved up further to Rs 80.85 from Rs 78.75 a kg at Bangkok. The grade's January futures fell to 210.3 yen ( Rs 79.42 ) against 213.3 yen a kg at TOCOM.

Spot prices (Rs/kg) were: RSS-4: 88.50 (89.50); RSS-5: 86.50 (87); ungraded: 82.25 (83.50); ISNR 20 : 86 (86) and latex 60% : 58.40 (57.35).

More Stories on : Rubber

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Winter rains in North hit as South goes without cyclones

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