Spot rubber rules steady
Kottayam: Physical rubber prices continued to rule unchanged on Wednesday. “The market is visibly inactive and we expect it to become live once the trendsetting Tokyo Commodity Exchange reopens after the long holidays on Thursday”, an observer said.
Sheet rubber finished flat at Rs 106.50 a kg consecutively for the fourth day amidst narrow volumes. Meanwhile, latex 60 per cent declined on low demand. The sentiments were also affected by the weak closing in domestic futures and there were no fresh quotes from major consuming industries.
Futures decline
RSS 4 declined at its October futures to Rs 105.61 (108.69), November to Rs 106.60 (109.76), December to Rs 107.80 (111.10) and January to Rs 109.35 (112.71) a kg on National Multi Commodity Exchange (NMCE). The Tokyo Commodity Exchange (TOCOM) remained closed owing to ‘Autumnal Equinox Day’. RSS 3 slipped to Rs 105.75 (105.78) a kg on Singapore Commodity Exchange (SICOM). Its spot closed weak at Rs 105.60 (105.87) a kg at Bangkok. (BL)
http://www.thehindubusinessline.com/2009/09/24/stories/2009092452031600.htm
Friday, September 25, 2009
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