• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

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

Our Correspondent

Kottayam, July 1 Physical rubber prices were weak on Wednesday. The market declined on buyer resistance lacking quantity buyers from the tyre sector.

According to market circles, major manufacturers were comfortable with imports and hence were not interested to buy from the domestic markets. Sheet rubber declined to Rs 98from Rs 99.50 a kg, failing to break the Rs 100-mark once again, while the trend was mixed amidst narrow volumes.

The July futures for RSS 4 moved down to Rs 96.75 (Rs 97.52), August Rs 93.75 (Rs 94.18), September Rs 91(Rs 91.47) and October Rs 89.50 (Rs 90.80) a kg on National Multi Commodity Exchange (NMCE).

The July futures for RSS 3 weakened to ¥155.6 (¥156.4) (Rs 77.00), August to ¥155.1 (¥156.6), September to ¥154.8 (¥157.7), October to ¥155.1 (¥158.0), November to ¥156.7 (¥159.9) and December to ¥158.6 (¥162.2) a kg during the day session on TOCOM. The grade closed at ¥155.3 (Rs 76.87), ¥155.6, ¥155.3, ¥156.6, ¥158.5 and ¥160.5 a kg consecutively on late trades

RSS 3 closed weak at Rs 80.13 (Rs 80.51) a kg at Bangkok. The grade slipped to Rs 80.17 (Rs 80.83) a kg on Singapore Commodity Exchange (SICOM).

Spot rubber rates were (Rs/kg) RSS-4: 98 (99.50); RSS-5: 96 (97.50); ungraded: 93(94), ISNR 20: 90.50 (90.50) and latex 60 per cent: 88(88

More Stories on : Rubber

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

Copyright © 2009, 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