• 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, Sept. 28 Physical rubber prices improved reflecting the overall market mood on Friday. RSS 4 closed at Rs 90 against Rs 89 and Rs 89.50 a kg respectively at Kottayam and Kochi. “It might take another couple or more weeks for the arrivals to improve reacting to a positive turnaround in climatic conditions and we expect the scarcity of the raw material to continue keeping the rates firm until then,” a trader said. It would be much earlier to sell the stocks in panic when the market is suffering from short supply. There were moderate rains all over the plantations during Thursday night.

The rubber futures resumed the firm trend quoting the October contract at Rs 89.57 (88.58) a kg on MCX. The October futures on NMCE moved up to Rs 90.42 (89.57), November to Rs 86.94 (86.46), December to Rs. 86.79 (86.26) and January to Rs 87.55 (87.25) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 90 (89); RSS-5: 87.50 (87); ungraded: 85 (84); ISNR 20: 86.50 (86) and latex 60 per cent: 62.10 (62.10).

More Stories on : Rubber

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

Stories in this Section
Merrill Lynch, Citigroup pick 5% each in MCX

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