• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• 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, Dec. 16 The physical rubber prices firmed up further on Tuesday. According to sources, the market improved mainly on covering purchases. Sheet rubber picked up to Rs 62.50 from Rs 62 a kg as most of the sellers continued to sideline the market. There were no enquiries from the tyre sector above Rs 60 a kg for the grade. On NMCE, the January futures moved up to Rs 63.61 (62.36) a kg for RSS 4.

Rubber futures on the Tokyo Commodity Exchange were firm on renewed buying interest, wiping out the losses in the morning session. The market slipped on early trades following declines in oil products and crude oil futures. Prices were slightly lower in the morning but all contracts except December shifted to positive territory on late trading.

RSS 3 slipped marginally at its December contract to ¥103.5 (Rs 54.99) from ¥104 while its January futures improved to ¥106.5 (104.7), February to ¥109.3 (108.1), March to ¥111 (110.3), April to ¥113 (112.8) and May to ¥116 (114.3) a kg at TOCOM. The grade’s spot closed at Rs 56.03 (55.91) a kg at Bangkok.

The spot rates (Rs/kg) were: RSS-4: 62.50 (62); RSS-5: 61 (59); Ungraded: 60 (57.50); ISNR 20: 58.50 (57) and Latex 60 per cent: 42 (42).

More Stories on : Rubber

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

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