Financial Daily from THE HINDU group of publications Saturday, Oct 02, 2004 |
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Agri-Biz & Commodities
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Rubber Mixed trend in rubber market Our Correspondent
Kottayam , Oct. 1 A MIXED trend prevailed in the domestic rubber market on Friday. The purchases from the covering groups brought up the sheet rubber price to Rs 51.50 against Rs 51.25 on Thursday. Amidst short supply and export enquiries, ISNR 20 and latex lost marginally on strong buyer resistance while RSS 5 was steady but comparatively inactive. Buyers appeared more cautious without a decisive trend in the international markets. The rubber futures turned better on Friday quoting the October delivery at Rs 53.85 against Rs 53.36 a kg. The November delivery was quoted at Rs 54.10 (53.88), December delivery at Rs 54.25 (54.03) and January delivery at Rs 55.21 (55.02) per kg for RSS 4. At Bangkok, RSS 3 closed steady at Rs 57.72 a kg consecutively for the forth day on Friday while the October futures at TOCOM for RSS 3 slipped to 140 yen from 140.5 Yen a kg on Thursday. The spot rubber rates per kg on Friday were: RSS 4 Rs 51.50 (51.25), RSS 5 Rs 50.00 (50.00), ungraded Rs 49.00 (48.50), ISNR 20 Rs 50.75 (51.00) and latex 60% Rs 39.50 (40.00).
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