The Hindu Business Line : Mixed trend in rubber

Kottayam, May 9 Spot rubber showed a mixed trend on Friday. The suspension of rubber futures has created a void in the main marketing centres as the major driving force which provided transparency to the domestic rubber sector during the last five years came to an abrupt end.

The market activities were in a slow pace as most of the traders were waiting for a clear trend to emerge in the changed scenario. RSS 4 improved to Rs 116.50 from Rs 116 a kg as covering groups continued to remain active on the grade.

‘No need to panic’

Certain major manufactures were buyers on sheet rubber at Rs 116 a kg while most of the grades were steady amidst low volumes. “The sentiments would definitely improve after a short span and the growers need not be panic on this development,” an observer said.

Spot prices were (Rs/kg): RSS-4: 116.50 (116); RSS-5: 114.50 (114); ungraded: 112 (112); ISNR 20: 113 (113) and latex 60 per cent: 81 (81).

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