• 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, Jan. 2 Spot rubber prices closed flat consecutively for the fifth day on Wednesday. RSS 4 was static at Rs 94 a kg both at Kottayam and Kochi as on Tuesday. The volumes were dull.

The market lacked direction as TOCOM was closed on long new year holidays though RSS 3 (spot) shed 31 paisa to close at 102.09 a kg at Bangkok. Traders preferred to wait for a clear trend to emerge once the trendsetter resumes trading on Friday, 4th January.

The February futures ended almost steady at Rs 97.11 (97.01) a kg on MCX while rubber turned slightly weak on NMCE. The January contract slipped to Rs 95.60 (96.39), February to Rs 97.59 (98.15), March to Rs 99.09 (99.62) and April to Rs 100.75 (101.36) per kg for RSS 4.

The open interest stood at 9,488 (9,338) tonnes and volumes 1,149 (586) tonnes. The outstanding positions were 3,000 (3,051) tonnes in January, 3,952 (3,857) tonnes in February, 2,012 (1,963) tonnes in March and 524 (467) tonnes in April on NMCE.

Spot prices were (Rs/kg): RSS-4: 94 (94); RSS-5: 92 (92); ungraded: 90 (90); 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
Zero duty on flour import disastrous, say millers

Copyright © 2008, 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