Date:20/06/2007 URL: http://www.thehindubusinessline.com/2007/06/20/stories/2007062005421200.htm

Back Mixed trend in spot rubber

Aravaindan

Kottayam June 19 Physical rubber prices were almost steady on Tuesday. A better closing in TOCOM kept RSS 4 slightly better at Rs 80.75 and Rs 81 a kg respectively at Kottayam and Kochi against Rs 80.50 a kg on Monday. The remaining grades including latex 60 per cent finished flat in a rather dull trading session as traders were not interested to enhance their commitments. The transactions were in a low key.

Futures weak

On NMCE, the July contract moved down to Rs 82.49 (83.27), August to Rs 83.60 (84.27), September to Rs 82.27 (83.11) and October to Rs 80.40 (81.49) per kg for RSS 4. The July contract finished weak at Rs 82.85 (83.15) a kg on MCX. The open interest on NMCE stood at 5,707 (5,511) lots with 3,331 (3,286) lots in July, 1,580 (1,499) lots in August, 593 (579) lots in September and 203 (147) lots in October. The volumes were slightly down at 1,682 (1,944) lots. RSS 3 (spot) declined to Rs 91.15 (92.06) a kg at Bangkok. The July futures for the grade improved to 276.2 yen (Rs 91.04) from 271.4 yen a kg at TOCOM.

Spot prices were (Rs/kg): RSS-4: 80.75 (80.50); RSS-5: 79.25 (79.25); ungraded: 78.50 (78.50); ISNR 20: 79 (79) and latex 60 per cent: 60 (60).