• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

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, May 19 Spot rubber was almost steady except sheet rubber which lost in tandem with the international futures on Monday. RSS 4, the only loser of the day shed 25 paise to close at Rs 122.75 against Rs 123 a kg on buyer resistance.

Covering groups and purchase agents sidelined the market waiting for a positive trend to emerge from the global scene. “There was no selling pressure in the main marketing centres as prices were expected to firm up further once TOCOM recovers after a short term correction,” a trader said. “We are also expecting revised quotes from the tyre sector and it is difficult to predict a target in the absence of domestic futures which has been a major platform for rubber trading during the last five years,” he added.

RSS 3 weakened at its May contract to ¥316.3 (Rs 129.16) from ¥318.4, June to ¥314.9 (318), July to ¥314.1 (317.6), August to 314.5 (318.3), September to 314.6 (317.1) and October to ¥314.8 (318) a kg at TOCOM.

Spot prices were (Rs/kg): RSS-4: 122.75 (123); RSS-5: 120 (120); ungraded: 116.50 (116.50); ISNR 20: 118.50 (118.50) and latex 60 per cent: 82.50 (82.50).

More Stories on : Rubber

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

Stories in this Section
‘Remove clamps on wheat purchases’

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