Thursday, August 28, 2008

Rubber Price Increases - 28 Aug 08

Kottayam: Spot rubber price improved on Aug 27. RSS 4 crossed higher the magical level of Rs 140 to settle firm at Rs 141 (Rs 139) a kg on better demand. Supply worries dominated the market mood and covering groups continued extremely aggressive on the grade during the session. The transactions were low. Spot prices were (Rs/kg): RSS-4: 141 (139); RSS-5: 137 (135); ungraded: 132 (130); ISNR 20: 134 (131) and latex 60 per cent: 81.50 (81).

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