• 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

Kottayam, July 13 The physical rubber managed to finish in green on Friday. The market touched an intra day high of Rs 83 for RSS 4 in the morning session but a decline in domestic futures hammered the prices at higher levels.

The global markets were also not so promising. Anyhow sheet rubber concluded in the positive zone at Rs 81 a kg against Rs 80 a kg both at Kottayam and Kochi. There was marginal selling from dealers but supply concerns kept the volumes tight. The spot market still made all-round gains as expected, sources said.

The rubber futures turned weak on profit booking coupled with fresh selling. The August contract for RSS 4 slipped to Rs 81.95 ( 82.40) a kg on MCX. The July contract for the grade weakened to Rs 80.50 (81.07), August contract to Rs 82.10 (82.34), September to Rs 82.51 (83.44) and October contract to Rs 82.79 (83.64) per kg on NMCE.

RSS 3 (spot) moved down to Rs 83.78 from Rs 84.47 a kg at Bangkok. The August futures for the same grade closed at 254.9 Yen (Rs 84.22 ) against 254.5 Yen a kg at TOCOM.

Spot rubber prices were (Rs/kg): RSS-4: 81 (80); RSS-5: 79.50 (78); ungraded: 77 (76); ISNR 20: 79 (77.50) and latex 60 per cent: 58.40 (58.40).

More Stories on : Rubber

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

Stories in this Section
Bengal provides relief to co-op banks on crop loans

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