Business Daily from THE HINDU group of publications
Thursday, Jun 22, 2006
Business Daily from THE HINDU group of publications Thursday, Jun 22, 2006 |
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Agri-Biz & Commodities
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Rubber Spot rubber static Aravindan
Kottayam , June 21 Physical rubber prices continued to remain frozen lacking trading interest on Wednesday. Covering groups retreated to sidelines as major manufacturers stayed back. Dealers and growers also preferred to hold the stocks as monsoon started gaining strength all over the state. Sheet rubber was quoted steady at Rs 105 a kg at Kottayam. But it moved up marginally to Rs 105.50 a kg from Rs 105 in tune with domestic futures. The trend setting Japanese markets were better on persistent supply worries in near months though the far months experienced moderate selling at higher levels.
Futures improve
The rubber futures improved on NMCE. The July contract was quoted at Rs 107.15 (Rs 106.48), August contract at Rs 108.08 (Rs 107.10), September at Rs 104.80 (Rs 103.71) and October contract at Rs 102.50 (Rs 101.75) per kg for RSS 4. Spot prices per kg were: RSS-4: Rs 105 (Rs 105); RSS-5: Rs 102 (Rs 102); ungraded: Rs 97(Rs 97); ISNR 20: Rs 100 (Rs 100) and latex 60 per cent: Rs 78.95 (Rs 78.95).
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