• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Aravindan

Kottayam, May 14 Spot rubber bounced back on Wednesday. RSS 4 moved up to Rs 120 from Rs 118.50 a kg ridden by firm international markets.

Certain major manufacturers were also buyers on sheet rubber at the quoted rates, sources confirmed. Technically, a break above this level is expected to trigger yet another sharp bull run.

The market might have reached higher targets during these most bullish days if the domestic futures would not have been suspended, an observer said.

The volumes were not so impressive lacking quantity sellers in the main marketing centres. RSS 3 (spot) rose sharply to Rs 127.04 (124.58) a kg at Bangkok. Its May contract improved to ¥316.2 (Rs 127.56) from ¥314.4 a kg and June to ¥316.1 (Rs 127.55) from ¥314.6 a kg at TOCOM.

Spot prices were (Rs/kg): RSS-4: 120 (118.50); RSS-5: 118 (116); ungraded: 115 (114.50); ISNR 20: 116.50 (114.50) and latex 60 per cent: 82.50 (81.50).

More Stories on : Rubber

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

Stories in this Section
Monsoon onset over Kerala by May 29: IMD

Copyright © 2008, 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