Saturday, December 29, 2007

Rubber Sees Weak Trend

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.

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