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

Significance of Managerial Economics

By
As per Prof. Baumol - The three main contributions of economic theory to business economics are - Building analytical models which help in recognising the structure of managerial problems and eliminating the minor details which might hamper decision making and distracts from the main issue. ME can develop tools that may not directly apply to the issue but may enhance the abilities of Business analyst so that he can analyse the issue in much detail and provide a efficient solution. ME provides clarity in various concepts in the business analysis that enables managers to avoid conceptual pitfalls. Decision making in today's business involve a great amount of risk and uncertainty due to uncertain market forces like - policies, demand & supply, changing business environment, political changes etc. This uncertainty and risk in decision making can be greatly reduced if the business conditions and environment in which a business operates can...
Post a Comment
Read more