Business Daily from THE HINDU group of publications
Friday, Apr 06, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Apr 06, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Rubber prices rule flat Our Correspondent
Kottayam April 5 Physical rubber prices were quoted unchanged on Thursday. The volumes were extremely thin as the market was totally in a holiday mood owing to Good Friday and Easter. Sheet rubber RSS 4 finished flat at Rs 94.50 a kg both at Kottayam and Kochi as on Wednesday.
Futures Marginally up
The rubber futures were marginally better on NMCE. The April contract was quoted at Rs 94.20 (Rs 93.89), May at Rs 97.29 (Rs 96.97), June at Rs 100.62 (Rs 100.04) and July at Rs 102.35 (Rs 101.48) a kg for RSS 4. The volumes were 1,128 (1,373) tonnes. The open interest remained steady at 12,660 (12,660) lots with 4312 lots in April, 5,369 lots in May, 2,434 lots in June and 545 lots in July. The April delivery contract for RSS 4 improved to Rs 94.20 from Rs 93.41 a kg at MCX. In the international scene, RSS 3 fell to Rs 99.59 a kg from Rs 100.72 a kg at Bangkok. The May futures for the grade declined further to 274 Yen (Rs 99.52) from 277.1 Yen a kg at TOCOM. The spot prices were (in Rs/per kg): RSS-4: 94.50 (94.50); RSS-5: 93.50 (93.50); Ungraded: 92.50 (92.50); ISNR 20: 93.25 (93.25) and Latex 60%: 64.70 (64.70).
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