Monday, July 21, 2008

Rubber Price Improves - July 21, 2008

Kottayam: The rubber prices ended higher at the weekend session. Covering groups continued aggressive procuring sheet rubber at the quoted levels as the domestic buyers were under pressure during the past few sessions due to supply concerns. RSS 4 increased to Rs 133 from Rs 131.75 a kg on July 18. The market is suffering from acute short supply and any fresh purchasing interest would certainly trigger another bull run in the domestic scene. Spot prices were (Rs/kg): RSS-4: 133 (131.75); RSS-5: 131 (130); ungraded: 129.00 (128.50); ISNR 20: 131 (130.50) and latex 60 per cent: 88.50 (88.50).

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