• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

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

Aravindan

Kottayam April 10 Spot rubber turned weak on Tuesday. The summer showers seemed to have persuaded the traders to reduce their stocks partially amidst rumours on resumption of tapping to encash the favourable turn in climate, sources said.

Reports on global weakness followed by an overnight slip in US crude oil futures accelerated the fall further. RSS 4 declined to Rs 93.50 and Rs 93.75 a kg from Rs 94.50 and Rs 94.25 a kg respectively at Kottayam and Kochi.

Futures decline

The rubber futures moved down quoting the most active April contract for RSS 4 at Rs 92.80 against Rs 94.05 a kg on MCX.

The April contract for the grade declined to Rs 92.70 (93.53), May to Rs 95.99 (96.85), June to Rs 99.99 (100.55) and July to Rs 101.35 (102.31) a kg on NMCE. Spot rubber prices were (Rs/kg): RSS-4: 93.50 (94.50); RSS-5: 92.50 (93.50); ungraded: 91.50 (92.50); ISNR 20: 92.50 (93.25) and latex 60 per cent : 64.70 (65.25).

More Stories on : Rubber

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

Stories in this Section
Contract based on proposed merger of CBOT launched

Copyright © 2007, 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