• 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

Aravindan

Advertisement

Kottayam Feb. 14 Spot rubber continued to remain under pressure on Wednesday. The prices slipped on buyer resistance with narrow trading volumes, sources said.

Sheet rubber RSS 4 finished unchanged at Rs 97.50 a kg both at Kottayam and Kochi as major manufactures stayed away from the grade. The trend was mixed, while most of grades moved down on bearish international advices.

Futures weak

The rubber futures turned weak under global influence. On NMCE, the February contract declined to Rs 97.90 (99.90), March to Rs 99.51 (101.21), April to Rs 104 (105.99) and May to Rs 109 (110.95) per kg for RSS 4. The turnover was 2,716 (3,396) tonnes and open interest 13,733 (13,683) tonnes. The market opened better but declined later on long liquidation.

The March contract for RSS 4 fell to Rs 100.01 from Rs 101.45 a kg (138 lots) on MCX.

The March futures for RSS 3 closed at 284 Yen (103.46) a kg against 284.5 Yen at TOCOM. RSS 3 (spot) slipped to Rs 109.14 from Rs 109.91 a kg at Bangkok.

Spot rubber prices were (Rs/kg): RSS-4: 97.50 (97.50); RSS-5: 94.50 (95); ungraded: 92.50 (93); ISNR 20: 93 (93.25) and latex 60 per cent: 65.75 (65.75).

More Stories on : Rubber

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

Stories in this Section
Potato futures bear the brunt of margin hike

Copyright © 2007, 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