• 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
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Aravindan

Kottayam, March 11 Spot rubber improved further on Tuesday. Covering groups and purchase agents lifted the rates to even better levels in the wake of declining supplies and increase in demand from the tyre sector. RSS 4 rose to Rs 106 from Rs 105 and Rs 105.50 a kg respectively at Kottayam and Kochi. RSS 3 closed better by 42 paise at Rs 115.75 a kg at Bangkok spot. The April futures for the grade inched up to ¥286 (Rs 113.14) from ¥285 a kg at TOCOM.

On NMCE, the March contract slipped to Rs 105 (105.40) a kg while the April futures finished almost steady at Rs 108.40 (108.36), May at Rs 110.80 (110.69) and June at Rs 112.15 (112.13) per kg for RSS 4.The open interest was quoted at 6,802 (6,965) tonnes with 2,675 (2,968) tonnes in March, 2,550 (2,471) tonnes in April, 976 (942) tonnes in May and 601 (584) tonnes in June. The volumes dropped to 1,719 (1,940) tonnes trading 211 (373) tonnes in March, 997 (963) tonnes in April, 381 (449) tonnes in May and 130 (155) tonnes in June.

Spot prices were (Rs/kg): RSS-4: 106 (105); RSS-5: 103.50 (102.50); ungraded: 102 (101); ISNR 20: 103 (102) and latex 60 per cent: 74 (74).

More Stories on : Rubber

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

Stories in this Section
Weeding out

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