Business Daily from THE HINDU group of publications
Thursday, Sep 20, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Sep 20, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Spot rubber moves higher on global cues Aravindan Kottayam, Sept. 19 Spot prices moved up on Wednesday. The domestic fundamental factors and a firm closing in leading international commodity exchanges combined to maintain the market activities in the bullish orbit. RSS 4 moved up to Rs 90 a kg from 89.50 both at Kottayam and Kochi as the inflow of rubber to the main marketing centres almost hit the bottom line. The overall mood was mixed. Futures firmThe rubber futures held on to the bullish mood on NMCE though there has been marginal profit booking at higher levels during the afternoon session. The October contract improved to Rs 88.40 (88.02), November to Rs 86 (85.84), December to Rs 86 (85.68) and January to Rs 86.15 (86.12) per kg for RSS 4. The volumes stood at 1,654 (2,295) tonnes and open interest 3,499 (3,499) tonnes. The October contract firmed up to Rs 88.13 (87.71) a kg on MCX. The open interest on NMCE in October was quoted at 2,145 (2,209) tonnes , November at 866 (844) tonnes, December at 418 (388) tonnes, and January at 70 (58) tonnes. RSS 3 spot improved to Rs 87.72 from Rs 86.79 a kg at Bangkok. The October futures for the grade was better at 256.9 Yen (Rs 89.19) against 252.5 Yen a kg at TOCOM. Spot prices were (Rs/kg): RSS-4: 90 (89.50); RSS-5: 87.50 (87); ungraded: 85 (84); ISNR 20: 86.50 (86.50) and latex 60 per cent: 60.50 (60.50). More Stories on : Rubber
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