• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Aravindan

Kottayam, Aug 2 Physical rubber prices fell into a corrective phase on Saturday. The trading centres witnessed moderate selling pressure from dealers mainly as the international prices ruled much below the domestic rates. Sheet rubber moved down to Rs 138.50 from Rs 141 a kg while the market made all-round declines on buyer resistance. Covering groups sidelined the market and practically there were no quantity buyers even at lower levels. “The prices may tend to remain more close to global levels and hence traders are advised to be cautious in the days ahead”, an analyst said. Anyhow RSS 4 downed the shutters with a net gain of Rs 1.50 during the week though the performance of rubber in the Japanese commodity exchanges has not been so encouraging as expected.

Spot prices were (Rs/kg): RSS-4: 138.50 (141); RSS-5: 137 (138.50); ungraded: 133 (134); ISNR 20: 136 (137) and latex 60 per cent: 89.00 (89).

More Stories on : Rubber

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Spot rubber declines on global cues

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line