Today, Oil advanced above $101 a barrel, buoyed
by positive economic data from China, which reported 8.9% growth in the fourth
quarter, slower than the previous quarter but robust enough to indicate it
would avoid sudden slowdown.
Natural rubber prices firmed up further, market
improved following the early gains on the National Multi Commodity Exchange
(NMCE), but the late declines in domestic futures failed to make any visible
impact on prices as major consuming industries were not active in the market.
Domestically, RSS4 grade firmed up to Rs 191 from
Rs.189.50 a kg at Kottayam-Kerala. In futures, the February series closed at Rs
195.55, March at Rs 199.40, April at Rs 205.12, May at Rs 209.40, June at Rs
206.01 and July at Rs 204.51 a kg on NMCE.
RSS3 grade improved to Rs 184.7 from Rs. 179.71
a kg at Bangkok. The January futures for the grade flared up to ¥284 from ¥274
a kg during the day session but then dropped to ¥280.5 in the night session on
the Tokyo Commodity Exchange.
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