Monday, July 23, 2007

Rubber Sees Steady Trend

Kottayam: Spot rubber rates were almost firm on July 21. RSS 4, the only loser, weakened by 50 paise to Rs 81.50 from Rs 82 a kg on brisk trading. The rubber futures managed to finish green in the weekend session. The August contract ended at Rs 81.45 (81.38) a kg on MCX. The August contract on NMCE downed the shutters at Rs 82.15 (82.05), September at Rs 80.70 (80.21), October at Rs 80.31 (80.10) and November at Rs 80.35 (79.90) per kg for RSS 4. Spot rates were (Rs/kg): RSS-4: 81.50 (82); RSS-5: 80 (80); ungraded: 78 (78); ISNR 20: 79.50 (79.50) and latex 60 per cent: 58.40 (58.40).

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