• 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, April 8 Spot rubber witnessed marginal selling from traders at higher levels on Tuesday. The market remained under pressure as Japanese indices were on a decline probably on profit booking after a firm start on early trades. RSS 3 declined at its May futures to ¥277.4 (Rs 108.64) from ¥282.1 a kg at TOCOM. RSS 4 slipped to Rs 107.75 from Rs 108 a kg both at Kottayam and Kochi while the trend was mixed as most of the grades ended flat amidst low volumes. In the international scene RSS 3 spot gained by Rs 1.06 per kg to Rs 113.23 a kg at Bangkok.

On NMCE, the April contract weakened to Rs 106.02 (Rs 106.51), May to Rs 107.20 (Rs 107.61), June to Rs 107.35 (Rs 107.67) and July futures to Rs 107.45 (Rs 107.69) per kg for RSS 4. The open interest was 4,729 (4,826) tonnes. The outstanding positions were 1,802 (1,854) tonnes in April, 1,875 (1,898) tonnes in May, 709 (730) tonnes in June and 343 (344) tonnes in July. The volumes fell sharply to 965 (1,782) tonnes.

Spot prices were (Rs/kg): RSS-4: 107.75 (108); RSS-5: 105.50 (105.50); ungraded: 103.50 (104); ISNR 20: 104 (104) and latex 60 per cent: 72 (72).

More Stories on : Rubber

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

Stories in this Section
AP launching Rs 2/kg rice scheme today

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