Mixed trend in spot rubber

Print this page Posted on : 10-27-2007 by recycleinme.com

Spot rubber showed a mixed trend on Friday. RSS 4 closed flat at Rs.97.50 and Rs.98 a kg respectively at Kottayam and Kochi since the buyers wee unwilling to enhance their quotes though the international indices finished in a bullish mode.

The undercurrent appeared weak as ungraded rubber and RSS 5 lost marginally on buyer resistance. The volumes were dull. The rubber futures turned better on NMCE.

Spot prices were (in Rs./kg): RSS-4: 97.50 (97.50); RSS-5: 95(95.50); ungraded : 92.50 (93); ISNR 20L 93.50 (93.50) and Latex 60% :63.50 (63.50).

Source : Business Line