Financial Daily from THE HINDU group of publications
Tuesday, May 25, 2004
Financial Daily from THE HINDU group of publications Tuesday, May 25, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber firm on moderate buying Our Correspondent
Kottayam , May 24 THE spot rubber market remained firm on Monday. All the grades except sheet rubber and latex gained on moderate buying. The covering groups and purchase agents continued their purchases amidst low arrivals. Certain tyre companies were buying sheet rubber up to Rs 59.50, according to informed sources. Sheet rubber RSS 4 was steady at Rs 59.50 a kg as on Saturday. The TOCOM June futures for RSS 3 improved to 158.7 yen from 157.1 yen a kg. At Bangkok, RSS 3 closed at Rs 64.11 a kg against Rs 63.88 a kg on Friday. The rubber futures showed a mixed trend on Monday. The near month June delivery was quoted at Rs 59.65 (59.60), July delivery at Rs.59.58 (59.65), August delivery at Rs 58.50 (58.68) and September delivery at Rs 58.12 (58.36) a kg for RSS 4. The volumes were in a low key. The spot market rates per kg on Monday were as follows: RSS 4: 59.50(59.50); RSS 5: 58.25 (57.75); ungraded: 58.00 (57.50); ISNR 20: 57.50 (57.00) and Latex 60 per cent: 43.50 (43.50).
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