Financial Daily from THE HINDU group of publications
Thursday, Mar 09, 2006
Financial Daily from THE HINDU group of publications Thursday, Mar 09, 2006 |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Rubber Rubber falls in dull trading Our Bureau
Kottayam , March 8 The domestic rubber markets ended in the red following heavy losses in the international indices on Wednesday. The spot prices declined on dull sentiment though the trading volumes were low compared to the previous session. Major manufacturers were reported to be buying sheet rubber at current levels. The grade was traded at Rs 78 and Rs 78.25 a kg respectively at Kottayam and Kochi against Rs 78.50 on Tuesday. The rubber futures declined sharply on NMCE. The March contract was traded at Rs 77.50 (Rs 78.09), April at Rs 80.10 (Rs 81.12), May Rs 82.70 (Rs 83.54) and June Rs 84.53 (Rs 85.48) per kg for RSS 4. The April contract for the grade weakened to Rs 79.20 from Rs 81.56 a kg on MCX. The undercurrent appeared extremely bearish as most traders preferred to reduce their positions in a highly volatile situation. The volumes on NMCE stood at 1,286 lots with 73 lots in March, 359 lots in April, 527 lots in May and 327 lots in June till mid-day. The April futures for RSS 3 fell by Rs 2.90 to 235.2 yen (Rs 88.87) from 242.9 yen a kg at TOCOM. The grade weakened further to Rs 92.43 from Rs 93.31 a kg at Bangkok spot. The spot rubber prices per kg were: RSS-4: Rs 78 (Rs 78.50); RSS-5: Rs 77 (Rs 77.25); Ungraded: RS 76 (Rs 76.50); ISNR 20: Rs 77 (Rs 77); and latex 60% (per litre): Rs 55 (Rs 56).
More Stories on : Rubber
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|