Sheet rubber prices improve further
Kottayam: Spot rubber prices improved further on Monday. In the spot, the market firmed up following a spurt in the domestic futures and international prices. There were no fresh enquiries from the tyre sector and the prices strengthened as covering groups turned aggressive on sheet rubber.
The grade closed better at Rs 121 (120) a kg while the market made all-round gains though there has been no remarkable improvement in volumes.
Futures gain
The December futures for RSS 4 moved up to Rs 123.73 (121.51), January to Rs 125.75 (123.32), February to Rs 127.65 (125.34) and March to Rs 129.49 (127.03) a kg on National Multi Commodity Exchange (NMCE). RSS 3 improved with December futures rising to ¥235.7 (¥233.3) (Rs 127.14), January to ¥237 (¥232.2), February to ¥239 (¥233.7) and March to ¥241.3 (¥236.6) a kg during the day session on Tokyo Commodity Exchange (TOCOM). (BL)
http://www.thehindubusinessline.com/2009/12/01/stories/2009120151881600.htm
Tuesday, December 1, 2009
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