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Tuesday, Jul 06, 2004

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Rubber prices display mixed trend

Our Correspondent

Kottayam , July 5

PHYSICAL rubber prices displayed a mixed trend on Monday. The market remained firm on the active presence of covering groups and purchase agents. Sheet rubber RSS 4 remained steady at Rs 67.50 as on Saturday, while RSS 5 and ungraded rubber improved on better demand.

According to sources, traders are awaiting the Union Budget before making any commitments.

Rubber futures moved down on Monday following the weak TOCOM. The July delivery was quoted at Rs 68.60 (Rs 69.09), the August delivery at Rs 64.47 (Rs 64.78), the September delivery at Rs 61.10 (Rs 61.43) and the October delivery at Rs 59.05 (Rs 59.27) a kg for RSS 4.

Monday spot market rates per kg for RSS 4 were Rs 67.50 (Rs 67.50), RSS 5 were Rs 63.50 (Rs 63), ungraded were Rs 62 (Rs 61.50), ISNR 20 were Rs 59 (Rs 59) and for latex 60 per cent, they were Rs 49 (Rs 49).

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