Business Daily from THE HINDU group of publications
Tuesday, May 15, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, May 15, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Spot rubber prices improve Aravindan
Kottayam May 14 Physical rubber prices improved on Monday. Though the international markets were not upbeat, comparatively firm Bangkok prices could have influenced the traders to set the trend. Sheet rubber RSS 4 improved to Rs 85 from Rs 84.50 a kg both at Kottayam and Kochi as most of the sellers sidelined the market. The transactions were dull as major manufacturers continued to stay inactive, sources said.
Futures firm
The futures market maintained the positive mood quoting the June contract at Rs 87.50 against Rs 86.96 a kg on MCX. On NMCE, the delivery month May finished slightly weak at Rs 85.01 (85.14), while the near month June contract inched up to Rs 87.38 (87.29), July to Rs 89.50 (89.16) and August to Rs 89.90 (89.69) per kg for RSS 4. The volumes totalled 1,260 (491) tonnes. The open interest fell to 7,424 (9,442) tonnes, with 1,310 (3,384) tonnes in May, 3,812 (3,812) tonnes in June, 1,795 (1,746) tonnes in July and 507 (500) tonnes in August. The June futures for RSS 3 closed at 273.5 Yen (Rs 93.08) from 273.4 Yen a kg at TOCOM. The grade improved to Rs 95.35 from Rs 94.52 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 85 (84.50); RSS-5: 84 (83.25); ungraded: 83 (82.25); ISNR 20: 83.75 (83) and latex 60 per cent: 63.15 (62.60).
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