• 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

Our Correspondent

Kottayam, June 23 Spot rubber prices rates firmed up on Monday. Another positive closing in Japanese futures followed by yen’s strength against the dollar catalysed the domestic sentiments and sheet rubber RSS 4 moved up to Rs 126 from Rs 124.50 a kg on the previous weekend.

Though the quotes from the major manufacturers were much below the prevailing rates, the market remained firm mainly on fundamental reasons.

News on declining supplies due to intensified monsoon rains kept the covering groups comparatively active during the session.

The volumes were dull. In the international front, RSS 3 improved at its June contract to 342.1 yen (Rs 136.47) from 336.9 yen, July to 344.3 yen (336.6), August to 344.1 yen (336.7), September to 344.7 yen (336.8), October to 344.2 yen (336.4) and November to 345 yen (337.6) a kg at TOCOM. The grade weakened further to Rs 139.49 (Rs 140.91) a kg at Bangkok.

Spot prices (Rs a kg) were RSS-4: 126 (124.50), RSS-5: 124 (122.50), ungraded: 121.50 (119.50), ISNR 20: 125 (121) and latex 60%: 86 (85).

More Stories on : Rubber

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

Stories in this Section
Govt may sell FCI wheat in open market, says Pawar

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