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Friday, Aug 30, 2002

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Rubber prices rule steady

Our Correspondent


RUBBER prices ruled more or less steady on Thursday following uncertainty in the market. While some grades picked up slowly, other much sought after grades declined as the prices fluctuated on minor developments in the market.

Though higher rates were quoted in covering purchases, it disappointed the traders as the prices declined sharply afterwards. Those who finalised the transactions incurred losses. There were a few buyers for Block rubber and latex 60 per cent. Prices for both the grades picked up slightly while the prices for sheet rubber and ungraded rubber dipped to lower levels. " Market is only fluctuating and not improving ,'' the traders said.

Sheet rubber RSS-4 slipped to Rs.37 from Rs 37.25 a kg on Wednesday while RSS-5 improved to Rs 35 from Rs 34.50 on the previous day. Block rubber ISNR-20 and Latex 60 per cent firmed up to Rs 34.50 and 27 from Rs 33.50 and Rs 26.50 respectively, while ungraded rubber declined to Rs 34 from Rs 34.25.

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