Financial Daily from THE HINDU group of publications
Thursday, Jun 03, 2004
Financial Daily from THE HINDU group of publications Thursday, Jun 03, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber steady Our Correspondent
Kottayam , June 2 THE physical rubber market was steady on Wednesday. Though buyers were unwilling to modify their quotations, the scarcity of rubber kept the prices firm throughout the session. Major manufactures were not active and the transactions were in a low key. Sheet rubber RSS 4 closed at Rs 60.25 as on Tuesday. The TOCOM July futures for RSS 3 moved up to 154.7 yen from 153.7 yen a kg. The futures market stayed in tune with the spot market with a steady trend with moderate volumes. The June delivery was quoted at Rs 60.45 (60.44), July delivery at Rs 59.26 (59.22), August delivery at Rs 57.95 (57.89) and September delivery at Rs 57.10 (57.28) per kg for RSS 4. The spot market rates per kg on Wednesday were as follows: RSS 4 Rs 60.25 (60.25); RSS 5 Rs 58.75 (58.75); ungraded Rs 58.25 (58.25); ISNR 20 Rs 57 (57); latex 60 per cent Rs 45.50 (45.50).
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