Financial Daily from THE HINDU group of publications
Friday, May 20, 2005
Financial Daily from THE HINDU group of publications Friday, May 20, 2005 |
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Covering buys lift rubber further Our Correspondent
Kottayam , May 19 COVERING groups and purchase agents took the initiative to lift spot rubber prices to further highs on Thursday. The domestic bullish fever was well supported by positive overseas markets though major manufacturers were not interested in buying sheet rubber above Rs 64.00 a kg. The supply was reported to be tight even at higher levels. RSS 4 closed better at Rs 64.75 at Kottayam and Kochi after touching an intra-day high of Rs 65.00 a kg against Rs 63.75 a kg on Wednesday. The rubber futures stayed in tune with the physical market except for August and September, which were comparatively weak and inactive. The June contract was quoted at Rs 64.32 (Rs 63.84), July at Rs 64.30 (Rs 63.90), August at Rs 62.00 (Rs 62.12) and September at Rs 59.88 (Rs 59.91) per kg for RSS 4. The volumes were good in near months.
Thursday's rubber prices a kg were: RSS-4: Rs 64.75 (Rs 63.75); RSS-5: Rs 63.00 (Rs 62.50) ungraded: Rs 61.50 (Rs 61.50); ISNR 20: Rs 61.25 (Rs 60.50) and Latex 60 per cent: Rs 42.00 (Rs 41.50)
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|