Financial Daily from THE HINDU group of publications
Thursday, Dec 15, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Rubber


Rubber prices down on global trend

Our Correspondent

Kottayam , Dec. 14

FOLLOWING another sharp decline in the overseas indices, domestic spot rubber prices surrendered further on Wednesday.

Profit booking and speculative selling depressed the market sentiments amidst moderate improvement in arrivals. According to sources, the tyre sector remained active in the main marketing centres, while covering groups and purchase agents were buyers at lower levels. NMCE rubber futures January contract ended at Rs 69.25 (Rs 70.26), February contract at Rs 70.80 (Rs 71.61) and March contract at Rs 71.57 (72.44) a kg for RSS 4. The January contract for RSS 4 was quoted at Rs 70.00 against Rs 70.68 a kg on MCX.

RSS 3 moved down to Rs 78.74 from Rs 79.41 a kg at Bangkok. The January futures fell to 199.8 yen from 208.8 yen a kg at TOCOM.

The spot rubber prices per kg were: - RSS-4: 69.00 (69.50); RSS-5: 67.00 (67.75); ungraded: 66.00 (66.00); ISNR 20: 67.25 (67.50); and latex 60%: 49.00 (49.00)

More Stories on : Rubber

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



Stories in this Section
`Poor logistics costing seafood industry Rs 6,000 cr annually'


Catching 'em close
Up on shortfall
KF Bio Plants sets up second facility in Pune
UPASI seeks special fund, ending of FBT as bailout package
Rubber prices down on global trend
Overheated gold in correction mode
India keeping off Malaysian crude palm oil?
Son of the soil


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, 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