Thursday, September 4, 2008

Rubber Sees Weak Trend - Sep 04 , 2008

Kottayam: Physical rubber rates turned weak on Sept 2. RSS 4 fell to Rs 140 from Rs 141 a kg on buyer resistance. The volumes remained to be low as there were no quantity sellers or purchasers in the main marketing centres. Most of the players seemed to be hoping an improvement in arrivals towards mid September. RSS 3 spot increased further to Rs 132.79 (131.81) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 140 (141); RSS-5: 136.50 (138); ungraded: 132.50 (133); ISNR 20: 130 (132) and latex 60 per cent: 80.50 (81.50).

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