Financial Daily from THE HINDU group of publications
Tuesday, Sep 28, 2004
Financial Daily from THE HINDU group of publications Tuesday, Sep 28, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber rates firm Our Correspondent
Kottayam , Sept. 27 THE physical rubber market continued its firm trend on Monday. The major gainer of the day was block rubber ISNR 20 which flared up by Re 1 on moderate export buying. While the other grades closed steady, latex 60 per cent also moved up on export interest according to observers. The covering groups and purchase agents were also active while reports about intensified rains all over the plantations reached the market. Sheet rubber closed at Rs 51.50 as on Saturday. The futures market was better quoting October delivery at Rs 53.22 against Rs 53.09 a kg on Saturday. The November delivery was quoted at Rs 53.60 (53.62), December delivery at Rs 53.85 (53.67) and January delivery at Rs 55.10 (54.89) per kg for RSS 4.The volumes were impressive. At TOCOM, the October futures for RSS 3 weakened to 138.6 yen from 139 Yen a kg. At Bangkok, RSS 3 improved to Rs 57.55 from Rs 57.44 a kg on Friday. The spot market rates per kg were as follows: RSS 4 Rs 51.50 (51.50); RSS 5 Rs 50 (50); ungraded Rs 48.50 (48.50); ISNR 20 Rs 50.50 (49.50); latex 60 per cent Rs 39.50 (39).
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