Financial Daily from THE HINDU group of publications
Friday, Jul 15, 2005
Financial Daily from THE HINDU group of publications Friday, Jul 15, 2005 |
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Agri-Biz & Commodities
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Rubber Rubber prices mixed as buyers turn cautious Our Correspondent
Kottayam , July 14 THE physical rubber market maintained a mixed trend on Thursday. Buyers were a bit cautious expecting more arrivals towards the weekend on favourable climatic conditions. Sheet rubber closed steady at Rs 64.75 in Kottayam. It improved to Rs 65 from Rs 64.50 at Kochi. While RSS 5 moved up marginally on moderate enquires from the north Indian traders, ungraded rubber lost due to lack of buyers. Exporters were also reported to be rather inactive. The rubber futures showed a better trend supported by a positive TOCOM closing. The July contract was quoted at Rs 64.85 (Rs 64.22), August at Rs 64.52 (Rs 63.95), September at Rs 62.47 (Rs 61.98) and October contract at Rs 59.91 (Rs 59.57) per kg for RSS 4. Transactions were in a low key with only 718 lots up to mid-session - 15 lots in July, 560 in August, 128 in September and 15 lots in October. RSS 3 was steady at Rs 71.92 a kg at Bangkok spot while its August futures at TOCOM improved to 195.1 yen from 191.7 yen on Wednesday. Spot rubber prices (per kg) were as follows: RSS-4: Rs 64.75 (Rs 64.75); RSS-5: Rs 62.50 (Rs 62); ungraded: Rs 59.50 (Rs 60); ISNR 20: Rs 59 (Rs 59), and latex 60 per cent at Rs 41.50 (Rs 41.50).
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