Business Daily from THE HINDU group of publications
Saturday, Feb 24, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Feb 24, 2007 ePaper |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Sheet rubber prices improve Aravindan
Sheet rubber improved by 25 paise to Rs 96.75 a kg at Kottayam, while the grade remained unchanged at Rs 97 a kg at Kochi. Ungraded rubber also improved by 50 paise following enquires from the non-tyre sector. The volumes were low.
Futures decline
The rubber futures declined even against a better TOCOM closing. The March contract on NMCE moved down to Rs 96.97 (Rs 98.36), April to Rs 102.40 (Rs 104.10), May to Rs 106.65 (Rs 108.25) and June to Rs 109.90 (Rs 111.41) a kg for RSS 4. The total transactions were 2,353 (2,104) lots and open interest 15,328 (15,256) lots. The market is now controlled exclusively by domestic fundamental factors, sources said. The March contract finished weak at Rs 97.70 a kg against Rs 98.73 on MCX. RSS 3 (spot) closed better at Rs 106.86 against Rs 106.21a kg at Bangkok. The March futures for the grade also improved to 271.3 Yen (Rs 98.89) a kg from 267.50Yen at TOCOM. Spot rubber prices were (Rs/kg): RSS-4: 96.75 (96.50); RSS-5: 94 (94); Ungraded: 92.50 (92); ISNR 20: 92 (92) and Latex 60 per cent: 64.20 (64.70).
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 | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
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
|
