Skip to main content

Spot rubber stays firm on supply crunch

By
Spot rubber stays firm on supply crunch
Description  :  Industry
Date  :  Aug-19-2010

The spot rubber continued its firmness on Wednesday as well. There seems to lack of buyers or sellers in the main trading centres to give a definite direction to sheet rubber.

On the National Multi Commodity Exchange (NMCE), the September series fell significantly to Rs 171.20 (176.38) followed by October Rs 164.49 (169.36), November Rs 163.90 (166.74) and December Rs 164.75 (167.50) a kg for RSS 4. The benchmark Tokyo rubber futures contract rose 3 per cent to a three-month high following a relative stability in Japanese stocks and a pause in the Yen's advance against dollar.

While on the Tokyo Commodity Exchange (TOCOM), the August futures for RSS 3 surged to 330/Rs 180.22 (325.7) a kg during the day session. The grade closed firmly at 330 during the night session. RSS 3 (spot) rose to Rs 154.78 (Rs 153.45) a kg at Bangkok. Spot rates were: RSS-4: 184 (184); RSS-5: 174 (174); ungraded: 164 (164); ISNR 20: 156 (156) and latex 60 per cent: 114 (114).

Comments

Post a Comment

Popular posts from this blog

The fantastic

By
Beat them up
Post a Comment
Read more

Fixed Assets Management

By
Fixed Assets Management - Capital Budgeting Decisions Fixed assets are like the properties, infrastructure facilities that are required by the business operations to complete successfully. A finance executive has to evaluate and decide on which fixed assets the company should invest so that company can perform all its current and proposed future functions. There are various techniques that are available and that can be used by the finance department to evaluate various proposals for the investments like - pay back period, Net Present Value, internal rate of interest, profitability index. Once the economic value of those fixed assets gets over than a proper depreciation policy should also be formulated.      
Post a Comment
Read more

Mixed trend in spot rubber

By
Mixed trend in spot rubber Description  :  Industry Date  :  Aug-17-2010 The spot rubber yesterday witnessed a mixed trend. Due to the lack of large buying commitments by most of the traders, the market lost its direction in leading grades. The sheet rubber closed unchanged at Rs 184 a kg amidst scattered transactions. Meanwhile, due to the short supply, the latex 60 per cent recovered. The Board's rate remained firm at Rs 183 a kg for RSS 4. The domestic rubber futures of September series surged to touch a high of Rs 177.28 and low of Rs 174.40 a kg for RSS 4. In the international market, RSS 3 fell due to the strengthening of yen against the dollar and on concern that demand for the commodity used to make auto tyres may weaken. On National Multi Commodity Exchange (NMCE), the September series surged to Rs 176.41 (173.55) followed by October to Rs 169.20 (164.63) and November to Rs 166.50 (161.51) while the December series closed its debut trading at Rs 167 ...
Post a Comment
Read more