Kottayam: Spot rubber fell lacking follow-up support from the consuming sector. Though RSS 3 (spot) improved to Rs 102.90 (101.70) a kg at Bangkok, it failed to cheer the domestic sentiments. In spot, sheet rubber declined to Rs 94 from Rs 94.50 a kg at Kottayam on purchaser resistance. Major manufacturers sidelined the market, as they were hesitant to enhance the quotes above current rates. The February contracts retreated to Rs 97.91 from Rs 98.35 a kg on MCX. On NMCE, the January futures declined to Rs 96.06 (97.03), February to Rs 97.36 (98.72), March to Rs 99.15 (100.58) and April to Rs 101.21 (102.21) per kg for RSS 4.
Saturday, December 29, 2007
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