Spot Rubber Rules Weak (08-Mar-2010)
The physical rubber prices traded weak on Monday as the prices slipped on buyer resistance following the declines in domestic rubber futures on NMCE.
The sheet rubber declined from Rs 144.50 a kg to Rs 144 amidst scattered transactions. The trend was mixed.
On National Multi Commodity Exchange (NMCE), The March futures for RSS 4 fell to Rs 142.80 (143.50) followed by April to Rs 147.80 (148.38), May to Rs 150.79 (151.49) and June to Rs 154 (154.58) a kg.
While on the Tokyo Commodity Exchange, RSS 3 improved at its March futures to ¥289.4 (¥283.5) (Rs 145.73), April to ¥291 (¥283.9), May to ¥292.6 (¥286.1) and June to ¥294.2 (¥287.6) a kg during the day session.
Meanwhile, on Singapore Commodity Exchange (SICOM), RSS 3 firmed up marginally to Rs 150.60 (150.34) a kg.
The spot prices stood at (Rs/kg): RSS-4: 144 (144.50); RSS-5: 142 (142.50); ungraded: 140 (140.50); ISNR 20: 141 (141) and latex 60 per cent: 93 (93).
Top News Today
 In a bid to augment its production capacity to cater to the growing market, domestic biscuit major, Britannia Industries is likely to invest about Rs 100 crore to set up a plant each in Bihar and Orissa.
 Tata Motors, one of the largest automobile companies in India, is planning to come up with an advanced version of Tata Nano, the people’s car, by the year 2012 in India. The cheapest car in the word that
 Mahindra Satyam, the brand identity of Satyam Computer Services has developed an integrated migration solutions for healthcare payer organizations that would meet the new federal and Health Insurance Portability
|
Live Market Discussions With Site Visitors
|
|
Recent Commodity-Market News
|
|