The agreement which was slated to be the
single largest outbound deal in India’s automotive industry, has collapsed. US based
Copper Tire & Rubber Company said it was terminating the stake sale
arrangement with Apollo Tyres Ltd.
Today, RSS4 grade closed at `.164
a kg at Kottayam, while National Multi Commodity Exchange January 2014 futures closed
at `.166.55 a kg, February at `.169.05, March at `.171.92,
April at `.174.90 and May at `.176.25 a kg. Tokyo
Commodity Exchange, January 2014 futures series closed at ¥279.8 a kg, February
at ¥275.9, March at ¥273.8, April at ¥272.9, May at ¥273.7, and the contract
for delivery in June 2014 at ¥274.5 a kg. While on Friday RSS3 grade closed at `.157.49
a kg at Bangkok and Malaysian SMR20 closed at `.142.08 a kg.
What
our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in New Year - Rubber4U – 1st January 2014 issue
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