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Sunday, October 21, 2007
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Market RoundUp
Oct 20 2007 11:35AM
Spot rubber rules steady

Kottayam, Oct 20 - Physical rubber prices finished flat lacking follow up support on Friday. The lorry strike which commenced early at midnight cast its shadow over the sentiments to a great extent even as the fundamentals remained unchanged amidst continuing showers and firm global guidance.

Sheet rubber closed steady at Rs 100 a kg both at Kottayam and Kochi as on Thursday. Traders seemed to be a little nervous around these levels though the predictions pointed out much higher targets.Futures weakThe rubber futures showed signs of weakness on NMCE. The November contract slipped to Rs 100.68 [101.01], December to Rs 102.05 [102.25], January to Rs 103.05 [103.32] and February to Rs 104.10 [104.32] per kg for RSS 4.

On MCX, the November contract finished better at Rs 100.74 [99.64] a kg.

Spot prices were [Rs/kg]: RSS-4: 100 [100]; RSS-5: 98 [98]; ungraded: 95 [95]; ISNR 20: 97 [97] and latex 60 per cent: 64.20 [64.20]. by Aravindan

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