Sales put pressure on spot rubber
Kottayam: Spot rubber prices declined on Thursday. According to observers, selling by dealers and growers kept the market under pressure during the day.
Sheet rubber weakened further to Rs 130 from Rs. 132 a kg following the sharp losses in international futures. The market made all-round declines and there were no enquiries from major consuming industries.
Futures improve
RSS 4 improved with December futures rising to Rs.131.50 (130.60), January to Rs 132.40 (131.82), February to Rs.133.41 (133.05) and March to Rs.135.28 (135.02) a kg on National Multi Commodity Exchange (NMCE). The December futures for RSS 3 fell sharply to ¥234.4 (¥242.7) (Rs.123.78), January to ¥236.0 (¥242.8), February to ¥236.3 (¥244.9) and March to ¥237.5 (¥246.1) a kg during the day session on Tokyo Commodity Exchange. (BL)
http://www.thehindubusinessline.com/2009/12/11/stories/2009121152971600.htm
Friday, December 11, 2009
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