Wednesday, July 16, 2008

Rubber rate remains unaltered - July 16, 2008

Kottayam: Spot rubber remained to rule unchanged on July 15. Sheet rubber RSS 4 ended firm at Rs 131 a kg amidst low volumes. Major manufactures were purchasers up to Rs 130 a kg for RSS 4 but they were not prepared to renew their quotes though it was really impossible for them to procure the raw material below the existing levels. The grade's spot fell by 6 paise to Rs 137.44 (137.50) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 131 (131); RSS-5: 129 (129); ungraded: 127 (127); ISNR 20: 129.25 (129.25) and latex 60 per cent: 88.50 (88.50).

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