Business Daily from THE HINDU group of publications
Friday, Jul 13, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Jul 13, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Spot rubber up on supply worries
Aravindan Kottayam, July 12 The domestic rubber rates shot up on Thursday. The market was reacting closely to supply concerns and related news and rumours while the prices were moving up amidst extremely thin volumes lacking quantity sellers, an observer said. Sheet rubber shot up to Rs 80 a kg from Rs 77 in the physical front. The global support catalysed the over all sentiments. Major manufacturers were not active at the quoted levels, sources confirmed Futures gain
The rubber futures extended its gains quoting the August contract at Rs 82.45 (79.29) a kg on MCX. On NMCE, the July contract moved up to Rs 81.24 (78.25), August contract to Rs 82.34 (79.18), September to Rs 83.47 ( 80.26) and October to Rs 83.68 (80.47) per kg for RSS 4. The August futures for RSS 3 improved to 254.5 Yen ( Rs 84.65) from 251.7 Yen a kg at TOCOM. The grade (spot) gained by 80 paise to Rs 84.47 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 80 (77); RSS-5: 78 (75); ungraded: 76 (73); ISNR 20: 77.50 (74.50) and latex 60 per cent: 58.40 (57.90).
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