• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Correspondent

Kottayam , July 11

SPOT rubber prices were firm on Monday. Though the leading international markets appeared to be in a corrective phase, domestic markets remained bullish amid tight supply.

RSS 4 closed better at Rs 64.50 and Rs 65 a kg against Rs 64 and Rs 64.25 respectively at Kottayam and Kochi on fresh buying and short covering.

Certain tyre companies were also reported to be active in the market.

Rumours on the shortage of sheet rubber continued to control the market activities and it was difficult to find sellers even at the quoted rates, according to dealers from Kochi.

Production is also low due to continues morning rains all over the plantation areas.

The NMCE rubber futures turned slightly weak possibility on profit booking at higher levels.

The July contract was quoted at Rs 64 (64.25), August contract at Rs 64.90 (65.01), September contract at Rs 62.62 (62.72), and October contract at Rs 60.40 (60.62) a kg for RSS 4.

The volumes recorded till noon were 1,468 lots with 153 lots in July, 1,011 in August, 256 in September, and 48 in October.

The August futures for RSS 3 closed steady at 187.8 yen at TOCOM while the same grade declined to Rs 70.62 from Rs 71.30 a kg at Bangkok.

Physical rubber prices a kg were as follows: RSS-4 64.50 (64), RSS-5 62 (62), ungraded 60 (59.75), ISNR 20 58 (58).

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
NMCE plans tie-ups with Chinese bourses

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