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Downtrend in rubber market

Our Correspondent

Kottayam , Sept. 18

SHEET rubber RSS 4 , RSS 5 and ISNR 20 declined further on Thursday in the absence of buying interest.

Scattered enquires from the covering group failed to strengthen the rates and RSS 4 lost 25 paise to close at Rs 48.25 against Rs 48.50 as on Wednesday.

In the futures market, October delivery was quoted at Rs 48.34 (48.03), November delivery at Rs 48.20 (47.84) , December delivery at Rs 48.16 (47.85) and January at Rs 48.25 (47.85) per kg for RSS 4.

The per kg spot market rates on Thursday follows: RSS 4 Rs 48.25 (48.50); RSS 5 Rs 46.00 (46.25); ungraded Rs 44.50 (44.50); ISNR 20 Rs 45.00 (45.50); latex 60 % Rs 37.00 (37.00).

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