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Aravindan

Kottayam, July 5 The rubber prices finished weak on Saturday. RSS 4 moved down further to Rs 132 from Rs 132.50 a kg on buyer resistance amidst extremely thin volumes. Most of the traders sidelined the market as they were not confident to enhance their commitments in the absence of global guidance. The trend was mixed.

The closing rate has been a major support line for sheet rubber as certain tyre companies were buyers on the grade up to that level during the week, an analyst said. “We expect exporters to turn visibly active if the market slips below this level in the succeeding days. Hence the possibility for a fall below Rs 130 is quite remote in short term,” he added.

Spot prices were (Rs/kg): RSS-4: 132 (132.50); RSS-5: 130 (131); ungraded: 127.50 (127.50); ISNR 20: 131 (131.50) and latex 60 per cent: 89 (89).

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