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Rubber traders hold on to stock on hopes of price rise.
Byline: Nidhi Sharma MUMBAI: There are mounting concerns about the availability of natural rubber in the local markets as warehouse stocks are reducing, while growers and dealers are not bringing their stocks to markets expecting a further rise in price. Rubber price has significantly gone up in...
Rubber export target raised.
Byline: Ratna Ganguli KOLKAT: Persistent uptrend in prices of natural rubber in the international market has prompted Rubber Board to set a higher target for natural rubber export from India in '06 Till the first half of the current year, the target for natural rubber...
GEO TO ACQUIRE HERCULES PEROXY CHEMICALS.
PR Newswire, London, April 3. This press release is transmitted on behalf of GEO Specialty Chemicals, Inc. Cleveland - GEO Specialty Chemicals, Inc. announced today that it has signed definitive agreements with Hercules Incorporated to buy Hercules' peroxy chemicals business. The parties anticipate closing the...
Alcan sells Martinswerk.
Alcan Inc has sold its alumina specialities subsidiary Alusuisse Martinswerk GmbH, Germany, to Albemarle Corp, Virginia, USA. The sale is part of the divestment requirements imposed by the European Commission as a condition to its approval of the merger between Alcan and Alusuisse Group Ltd in October...
Rains send rubber up north, rising crude supports trend.
Byline: Nidhi Sharma MUMBAI: Rubber prices are heading northwards with rains affecting tapping in India and Thailand restricting supplies from these regions. Rise in crude oil prices is also providing support to natural rubber prices. Rubber spot price at Kottayam, since last week, has moved...
Rubber sags, but set to bounce back on low output fears.
Byline: Nidhi Sharma MUMBAI: Arrival of fresh stock and weakness in the international market have brought down rubber prices. Though the short-term sentiment looks bearish, prices are expected to move up in the long term in view of low production this year. The price of...
Sensex soars 200 pts, closes above 11,000-mark.
The Sensex closed above the psychological 11,000-level for the first time since May 18, 2006, rising over 200 points as strong buying in heavyweights resumed. Index heavyweight RIL, banking and IT stocks led the Sensex surge. The 30-share index closed up 202.33 points or 1.87% at 11,014.97....
Supply concerns, rising crude keep rubber steady.
Byline: Nidhi Sharma MUMBAI: Rising crude oil prices and supply concerns due to rains are keeping the rubber prices steady, though prices were expected to fall in the domestic as well as international markets. The October contract on the National Multi Commodity Exchange (NMCE) was trading at...
Natural rubber scales new high on falling inventories.
Byline: Nidhi Sharma MUMBAI: Natural rubber prices hit an all-time high of Rs 126 per kg in the local market, supported by strong movement in the global markets and low stocks. Globally rubber prices are following crude oil prices that crossed the $135 per barrel-mark on Thursday....
Natural rubber prices move in a narrow band.
KOCHI: Domestic rubber prices were steady during the week despite the increases in international prices. Domestic prices have not followed the international prices mainly on account of the huge stocks and increasing imports, markets sources said. Natural rubber prices that stood at Rs 99.50 per kg on...
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