Spot rubber sluggish despite bullish global market

Print this page Posted on : 10-24-2007 by recycleinme.com

The domestic rubber prices remained sluggish though the fundamentals were unchanged and the global indices bullish. The lorry strike took the steam out of the market on its fifth day on Tuesday. In spot, sheet rubber RSS 4 closed steady at Rs.99 a kg at Kottayam, while it declined to Rs.98.50 from Rs.99.50 a kg at Kochi. The remaining grades except latex fell as there were no buyers in the market due to the difficulties in transportation.

Source : Business Line