• 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

Our Correspondent

Kottayam, Nov. 12 Strong yen and the corresponding weakness in oil futures hammered the international rubber prices on Monday.

RSS 3 fell sharply at its December futures to 283.7 yen (Rs 101.46) from 291.7 yen a kg incurring the maximum allowable one day loss of 8 yen while the current month November contracts nose dived by 13.6 yen to 275.6 yen (Rs 98.48) a kg at TOCOM.

The grade (spot) fell by 47 paise at Rs 101.78 a kg at Bangkok. The domestic markets were hit hardly also by the improvement in weather conditions apart from the pressure from global indices.

Sheet rubber closed at Rs 97.50 a kg against Rs 98.50 and Rs 99 a kg, respectively, at Kottayam and Kochi on buyer resistance amidst selling from traders.

Major manufacturers were active on the grade at the prevailing rate, sources confirmed. In futures, the December contract moved down to Rs 99 (Rs 100.56) a kg on MCX. On the NMCE, the November contract declined to Rs 97.49 (Rs 99.51), December to Rs 99.10 (Rs 100.55), January to Rs 100.49 (Rs 101.84) and February to Rs 101.75 (Rs 102.65) per kg for RSS 4.

Prices per kg were RSS-4 Rs 97.50 (Rs 98.50); RSS-5 Rs 95 (Rs 96); ungraded Rs 92 (Rs 93); ISNR 20 Rs 93.50 (Rs 94.50); and Latex 60% Rs 640 (Rs 64.50).

More Stories on : Rubber

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

Stories in this Section
‘Farmers should get benefits of futures trading’

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