Our Correspondent

Kottayam, Nov. 27 Spot rubber continued to rule firm with another rise in domestic and international rubber futures on Tuesday.

RSS 4 improved to Rs 95 against Rs 94.50 a kg both at Kottayam and Kochi as covering groups and purchase agents remained active on the grade in main marketing centres. The market made all round gains on better demand.

Futures steady

The December futures for RSS 3 firmed up to 266.4 Yen a kg (Rs 97.49) from 265 Yen a kg at TOCOM. The trendsetter was sharply down during early trades following a fall in oil and gold amidst yen’s appreciation in financial markets. But the prices managed to finish in green on late trades following Yen’s retreat against the dollar.

Meanwhile, RSS 3 spot closed better at Rs 97.57 against Rs 97.04 a kg at Bangkok. The December futures moved up to Rs 97.48 from Rs 95.58 a kg on MCX.

On the NMCE, the last traded price (LTP) for the December futures was quoted at Rs 97.62 (Rs 96.48), January at Rs 98.90 (Rs 98.23), February at Rs 100.30 (Rs 99.54) and March at Rs 102.03 (Rs 101.63) per kg for RSS 4. The per kg spot prices were: RSS-4 Rs 95 (Rs 94.50); RSS-5 Rs 91.50 (Rs 90); Ungraded Rs 87 (Rs 85); ISNR 20 Rs 90.50 (Rs 90) and Latex 60% Rs 63 (Rs 63).

(This article was published in the Business Line print edition dated November 28, 2007)
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