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Thursday, December 06, 2007
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Commodity Commentary
Dec 4 2007 10:46AM
Spot rubber prices subdued
Heavy losses in international rubber markets followed mainly by the slip in crude oil keep the domestic prices subdued on Monday. January futures for RSS 3 was down by 7.7 yen per kg at 255 yen against 262.7 yen per kg at TOCOM. The grade's spot closed at 96.44 (97.35) per kg at Bangkok. Sheet extremely weak at Rs 91.50 and Rs 92 per kg against Rs 93 and Rs 93.50 per kg respectively at Kottayam and Kochi.

December contract plunged at Rs 92.22 (93.92) per kg on MCX. On NMCE, December contract nosedived to Rs 92.21 (94.73), January to Rs 93.70 (96.02), February to Rs 95.37 (97.75) and March to Rs 97.25 (99.72) per kg for RSS 4.

Spot prices were (Rs/kg): RSS-4: 91.50 (93); RSS-5: 87.50 (90.50); ungraded: 83.50 (85.50); ISNR 20: 86.50 (89) and latex 60%: 61 (62).

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
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