The Hindu Business Line : Spot rubber rules firm

Kottayam, Feb. 22 Physical rubber prices finished firm on Friday. The market opened on a firm note but lost steam on late trading as the international rubber futures ended in the negative zone. RSS 4 closed unchanged at Rs 101 a kg both at Kottayam and Kochi after hitting a high at Rs 101.50 a kg in the morning session. RSS 3 firmed up by 88 paise to Rs 113.76 a kg at Bangkok. But the grade weakened at its March futures to ¥303.6 from ¥305.4 a kg at TOCOM.

Futures firm

The March futures finished at Rs 101.39 (101.42) a kg on MCX. On NMCE, the March futures slipped to Rs 101.09 (101.30), April to Rs 103.96 (104.25), May to Rs 105.60 (106.44) and June to Rs 107.52 (108.12) per kg for RSS 4. The open positions were 4,257 (4,243) tonnes in March, 1,844 (1,778) tonnes in April, 707 (701) tonnes in May and 224 (209) tonnes in June. The volumes totalled 1,366 (1,565) lots transacting 584 (554) lots in March, 524 (691) lots in April 133 (167) lots in May and 125 (153) lots in June. The open interest stood at 7,032 (6,931) tonnes.

Spot prices were (Rs/kg): RSS-4: 101 (101); RSS-5: 99 (99); ungraded: 97 (96.75); ISNR 20: 98.50 (98.50) and latex 60 per cent: 66 (66).

More Stories on : Rubber

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

Stories in this Section
TNAU to research impact of global warming on rice

Costlier foods drive inflation rate to 6-month high at 4.35%

Spot rubber rules firm

Mangalore civic body to seek full funding for dam

Customs duty on sunflower oil may be cut

Allahabad Bank's relief for poultry farmers

Spices export may top target

Pepper futures steady on buying support

Cardamom steady on lower arrivals

Tap gold mining opportunities, Minister tell corporates