Thursday, July 17, 2008

Rubber sees steady trend - July 17, 2008

Kottayam: The physical rubber prices continued the firm trend on July 16. Sharp fall in the Japanese market failed to make any visible impact on the domestic scene. RSS 4 ended flat at Rs 131 a kg as on July 15. The transactions were low. Supply worries helped the Indian market to sustain at the prevailing levels as the main marketing centres continued to suffer from an acute shortage of the raw material. RSS 3 spot increased to Rs 139.03 from Rs 137.44 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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