Date:16/11/2006 URL: http://www.thehindubusinessline.com/2006/11/16/stories/2006111601381300.htm

Back Spot rubber slips to Rs 80/kg

Aravindan

Kottayam , Nov. 15

The physical rubber market continued to explore further lows amidst buyer resistance. Selling from certain dealers and growers hammered the prices as domestic and international advises were bearish. RSS 4 declined to Rs 80 a kg from Rs 82 and Rs 83 a kg respectively at Kottayam and Kochi.

Futures weak

In futures market, the November delivery contract expired at Rs 82.99 (Rs 85.21) a kg on NMCE. The near and far months were better on buying at lower levels quoting the December contract at Rs 79.75 (Rs 79.11), January at Rs 80.80 (Rs 79.97) and February contract at Rs 81.96 (Rs 81.31) per kg for RSS 4.

The total trading volumes were 1,312 (1,499) lots, while the open interest in November stood at 592 (692) lots, December at 2180 (2179) lots, January at 1573 (1460) lots and February at 809 (777) lots.

The December futures for RSS 3 moved down to 198.5 Yen (Rs 76.37) a kg from 201.8 Yen a kg at TOCOM. The grade declined to Rs 77.00 a kg against Rs 77.61 at Bangkok.

Physical prices (Rs/kg) were: RSS-4: 80 (82); RSS-5: 78 (80); ungraded: 74 (74.50); ISNR 20: 78 (80) and latex 60 per cent: 52.60 (55.80).