Monday, July 7, 2008

The Rubber Prices Finished - July 7, 2008

Kottayam: The rubber prices finished weak on July 5. RSS 4 declined further to Rs 132 from Rs 132.50 a kg on buyer resistance amidst extremely thin volumes. The closing rate has been a major support line for sheet rubber as certain tyre companies were buyers on the grade up to that level during the week. Spot prices were (Rs/kg): RSS-4: 132 (132.50); RSS-5: 130 (131); ungraded: 127.50 (127.50); ISNR 20: 131 (131.50) and latex 60 per cent: 89 (89).

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