Date:29/11/2005 URL: http://www.thehindubusinessline.com/2005/11/29/stories/2005112902731200.htm

Back Steady trend in spot rubber

Our Correspondent

Kottayam , Nov. 28

SPOT rubber witnessed a steady trend on Monday.

Trading activities were at a low pace as major manufacturers stayed totally inactive, while the inflow of raw material was also meagre.

Sheet rubber RSS 4 closed flat at Rs 65a kg at Kottayam in an almost dull trading session. The grade bounced back to Rs 65a kg from Rs 64.50 at Kochi possibly on covering purchases in the absence of quantity sellers.

The rubber futures fared better in the National Multi-Commodity Exchange of India reacting to the positive overseas markets except for the Tokyo Commodity Exchange , which closed unchanged at 194.5 yen.

The December contract closed at Rs 65.65 (Rs 65.27), January contract at Rs 66(Rs 65.59), February Rs 66.85 (Rs 66.57) and March Rs 67.80 (Rs 67.44) per kg for RSS 4. RSS 3 improved to Rs 73.93 from Rs 73.37 a kg at Bangkok.

The physical rubber prices were: RSS-4: 65(65); RSS-5: 62.75 (62.75); ungraded: 60.50 (60.50); ISNR 20: 63.25 (63.25) and latex 60 per cent: 43.50 (43.50).