Date:17/04/2007 URL: http://www.thehindubusinessline.com/2007/04/17/stories/2007041700971200.htm

Back Spot rubber rules steady

Aravindan

Kottayam April 16 Spot rubber continued to rule steady on Monday. The selling pressure eased following the announcement that there has been no move to import natural rubber by the Union Government.

But the absence of major buyers kept the prices subdued and RSS 4 closed flat at Rs 91 a kg at Kottayam as on Saturday. The grade was quoted slightly higher by 25 paise at Rs 91.25 a kg at Kochi. The transactions were low.

Futures weak

The rubber futures ruled weak on NMCE. The near month May contract firmed up marginally to Rs 92.96 (92.90) a kg, while the June contract slipped to Rs 95.85 (95.86), July to Rs 98.60 (99.09) and August to Rs 98.14 (100) per kg for RSS 4. The volumes were 1,126 (945) tonnes.

Physical prices were (Rs/kg): RSS-4: 91 (91); RSS-5: 90 (90); Ungraded: 89 (89); ISNR 20: 90 (90) and Latex 60 per cent: 64.20 (64.20).