• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• 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, Dec. 28 The physical rubber prices closed flat on Friday. The market was sluggish on early trading as global signals were bearish but regained the losses towards close on covering purchases. Sheet rubber finished unchanged at Rs 94 a kg at Kottayam and Kochi. Major manufacturers were buyers on the grade up to Rs 93.50 a kg, sources confirmed.

The January futures for RSS 3 concluded the half day session at 294.2 Yen (Rs 102.54) against 294.6 Yen a kg at TOCOM. The grade (spot) slipped to Rs102.40 (102.90) a kg at Bangkok.

The rubber futures improved on NMCE. Since TOCOM, the trend setter would remain closed till 4th January 2008, there is a chance for the re-entry of speculators to encash the situation.

The January futures improved to Rs 96.99 (96.16), February to Rs 98.82 (97.57), March to Rs 100.51 (99.25) and April to Rs 102.20 (101.31) per kg for RSS 4. The volumes stood at 1,753 (1,457) lots and open interest 8,745 (8,379) lots. The outstanding positions were 3,055 (3,082) lots in January, 3,737 (3,544) lots in February, 1,567 (1,445) lots in March and 386 (308) lots in April.

Spot prices were (Rs/kg): RSS-4: 94 (94); RSS-5: 92 (92); ungraded: 90 (90); ISNR 20: 91 (91) and latex 60 per cent: 61.50 (61.50).

More Stories on : Rubber

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

Stories in this Section
TN civil supply body cautions against rice exports

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