Friday, October 24, 2008

Market Lost Steam World Futures Declined - Oct 24, 2008

Kottayam: Rubber rates turned weak on Oct 23. The market lost its steam as the world rubber futures declined sharply in to the minus territory on early trades at TOCOM. But a partial regain in the trend setter on late trading failed to rescue the domestic rates and RSS 4 ended weak at Rs 90 against Rs 92 a kg on buyer resistance. Spot rates were (Rs/kg): RSS-4: 90 (92); RSS-5: 88 (89); ungraded: 86 (87); ISNR 20: 86 (86) and latex 60 per cent: 67.50 (67.50).

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