• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• 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, Dec. 27 Spot rubber weakened lacking follow-up support from the consuming sector. Though RSS 3 (spot) improved to Rs 102.90 (101.70) a kg at Bangkok, it failed to cheer the domestic sentiments. The grade closed marginally better at ¥294.6 (Rs 101.67) against ¥294.5 a kg at its January futures but all its distant contracts slipped to the negative zone at TOCOM.

In spot, sheet rubber fell back to Rs 94 from Rs 94.50 a kg at Kottayam on buyer resistance. The grade continued to rule flat at Rs 94 a kg at Kochi. According to sources major manufacturers sidelined the market as they were hesitant to enhance the quotes above current rates.

The February contracts retreated to Rs 97.91 from Rs 98.35 a kg on MCX. On NMCE, the January futures moved down to Rs 96.06 (97.03), February to Rs 97.36 (98.72), March to Rs 99.15 (100.58) and April to Rs 101.21 (102.21) per kg for RSS 4.

Spot prices were (Rs/kg): RSS-4: 94 (94.50); RSS-5: 92 (92.50); ungraded: 90 (91.50); ISNR 20: 91 (91) and latex 60 per cent: 61.50 (61.50).

More Stories on : Rubber

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

Stories in this Section
Pusa-1121 proves a major hit with farmers

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