Tuesday, September 30, 2008

Heavy Long Liquidation Rabad Pushin - Sep 30, 2008

Kottayam: Rubber rates resumed the downtrend on Sept 29. The prices declined further on purchasers resistance as the international indices were hit badly on heavy long liquidation pushing the October contract deep in to the minus territory on late trading in TOCOM. Sheet rubber RSS 4 fell to Rs 121 from Rs 125 a kg as on Sept 27. Spot rates were (Rs/kg): RSS-4: 121 (125); RSS-5: 118 (123); ungraded: 114 (120); ISNR 20: 116 (120.50) and latex 60 per cent: 77 (77).

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