Spot rubber price tops
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The physical rubber prices made yet another landmark on Monday. RSS 4 hit the Rs 100-mark once again at Kottayam as covering groups turned extremely aggressive on the grade, while it closed firm at Rs 99.50 against Rs 98 a kg at Kochi. According to observers, the market rose sharply amidst low volumes as there was no selling pressure even at the prevailing levels. Major manufacturers were buyers only up to Rs 98.75 a kg for sheet rubber. RSS 3 (spot) firmed up by 76 paise to Rs 110.73 (109.97) a kg at Bangkok.
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Source : Business Line |
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