Financial Daily from THE HINDU group of publications
Wednesday, Jul 14, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jul 14, 2004 |
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Agri-Biz & Commodities
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Rubber Steady trend in spot rubber prices Our Correspondent
Kottayam , July 13 DOMESTIC spot rubber market continued its steady trend on Tuesday as buyers adopted a wait and watch policy. Though the covering groups and purchase agents were present in the market, they appeared reluctant to give quantum purchase orders. According to sources, certain tyre companies bought sheet rubber at Rs 67.50 a kg. The futures market turned weak on Tuesday following negative reports from the world market. The near month August delivery was quoted at Rs 64.50 (64.72), September delivery Rs 61.14 (61.40) and October delivery at Rs 59 (59.23) per kg for RSS 4. The Tuesday physical market rates per kg were as follows: RSS 4 67.50 (67.50); RSS 5 65 (65); ungraded 62 (62); ISNR 20 59 (59.50); & latex 60 per cent 49.50 (49.50).
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