Date:14/07/2006 URL: http://www.thehindubusinessline.com/2006/07/14/stories/2006071404840800.htm

Back Rubber prices mixed

Aravindan

Kottayam , July 13

Physical rubber rates were mixed on Thursday. Sheet rubber weakened on buyer resistance, as covering groups stayed back following sharp declines in the global markets. The grade closed at Rs 101and Rs 101.50 a kg against Rs 101.50 and Rs 102 respectively at Kottayam and Kochi.

Ungraded rubber continued to rule firm on better demand from the non-tyre sector. The remaining grades including latex were steady and inactive even amidst tight supply conditions.

Futures lose

The futures market lost further on NMCE. The near-month August contract was quoted at Rs 102.04 (Rs 102.80), September contract at Rs 100.82 (Rs 101.55) and October contract at Rs 98.31 (Rs 99.10) per kg for RSS 4. Spot prices (Rs a kg) were: RSS-4: Rs 101 (Rs 101.50); RSS-5: Rs 99 (Rs 99); ungraded: Rs 97 (Rs 96.50); ISNR 20: Ra 97 (Rs 97) and latex 60%: Rs 79.45 (Rs 79.45).