Date:08/02/2006 URL: http://www.thehindubusinessline.com/2006/02/08/stories/2006020801571200.htm

Back Rubber suffers on on profit booking

Our Correspondent

Kottayam , Feb. 7

RUBBER rates suffered marginal losses on profit booking at higher levels. But the market regained part of the losses as overseas indices bounced back after the sharp technical correction which put pressure on the prices at the opening session.

Sheet rubber RSS 4 closed at Rs 82.50 and Rs 83 a kg at Kottayam and Kochi.

NMCE February contract was quoted at Rs 84.35 (83.25), March Rs 87.60 (86.21), April Rs 89.53 (87.98) and May contract at Rs 90.40 (89.07) per kg for RSS 4. March contract for the grade was traded at Rs 86.50 against Rs 84.78 a kg on MCX.

The March futures for RSS 3 moved up by 6 yen (Rs 2.23) and hit the upper circuit at 263.1 yen (Rs 98.22) a kg against 257.1 yen at TOCOM. Physical prices a kg were: RSS-4: 82.50 (83); RSS-5: 81 (81.75); ungraded: 79.50 (80); ISNR 20: 81 (81.25); and Latex 60%: 58.50 (58.50).