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Tuesday, Apr 09, 2002

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Rubber firms up further

Our Correspondent

KOTTAYAM: The rubber market firmed up further as arrivals continued to be sparse. Purchase agents of major companies were not seen in the market, but traders offered improved price to corner as much rubber as possible. Buyers from the general rubber goods sector were also offering better rates to attract supply.

The domestic price of rubber has moved up over the world price for RSS 4 again after an interregnum of over a month. The price recorded on Monday for RSS 4 was Rs 34 per kg in the domestic market whereas the same grade in the world market was traded on the day around Rs 33 per kg.

Sheet rubber RSS 4 improved at Kottayam to Rs 34 per kg from Rs 33.50 on Saturday and ungraded rubber to Rs 30.75 in place of Rs 30.50 per kg. Block rubber ISNR 20 also improved a tad to Rs 31.75 per kg from Rs 31.50. RSS 5 and latex concentrate remained flat respectively at Rs 32 and Rs 28 per kg.

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