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Saturday, Apr 20, 2002

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Agri-Biz & Commodities - Rubber

Sheet rubber dull on resistance

Our Correspondent

KOTTAYAM: Sheet rubber prices were dull following buyer resistance. At the same time, prices of block rubber and latex remained flat. Neither the tyre sector nor the non-tyre sector showed interest in the market.

However, some of the traders made nominal purchases. In contrast to nearly a month's scarcity trend, there was better arrival of sheet rubber in the market.

The pre-monsoon showers of April in many rubber-growing areas in the past two weeks have induced many growers to resume tapping and the new crop has started arriving.

Noticing that this is a suitable occasion to keep off and pare down the price, manufacturers do not show any urgency for purchasing rubber.

Sheet rubber RSS 4 declined to Rs.34.00 from Rs.34.50 per kg on Thursday and RSS 5 to Rs.32.00 from Rs.32.50. Ungraded rubber fell sharply to Rs.30.00 from Rs.31.00 per kg. Block rubber ISNR 20 and latex concentrate remained flat at Rs.32.00 and Rs.29.00 per kg respectively.

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