Financial Daily from THE HINDU group of publications
Friday, Apr 07, 2006
Financial Daily from THE HINDU group of publications Friday, Apr 07, 2006 |
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Agri-Biz & Commodities
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Rubber Spot rubber prices steady Aravindan
Kottayam , April 6 Domestic spot rubber prices closed almost steady on Thursday. The undercurrent was firm as sheet rubber improved to Rs 83.75 and Rs 84a kg respectively at Kottayam and Kochi from Rs 83.50 and Rs 83.75 on fresh buying and short covering. Some major manufacturers were buyers for sheet rubber at quoted rates. But they failed to procure the required quantum as there were no sellers at lower levels.
FUTURES BETTER
Rubber showed a better trend on NMCE inspired by firm overseas futures. The April contract was quoted at Rs 83.95 (83.39), May Rs 86.10 (85.71) June Rs 87.60 (87.29) and July Rs 87.84 (87.50) per kg for RSS 4. The May futures for RSS 3 improved to 251.7 yen (Rs 95.22) from 247.1 yen a kg at TOCOM. Spot prices (Rs a kg) were: RSS-4: 83.75 (83.50); RSS-5: 82.50 (82.50); ungraded: 81.50 (81.50); ISNR 20: 82.75 (82.75) and latex 60% (a litre): 58 (58).
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