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Aravindan

Kottayam, Aug. 14 Rubber prices showed a mixed trend on Thursday. RSS 4 closed unchanged at Rs 140 a kg on buyer resistance though there has been no visible selling pressure in the main marketing centres.

The undercurrent appeared slightly weak as ungraded rubber and RSS 5 slipped marginally on buyer resistance. The volumes continued to be low. The current marketable surplus is only 15,000 tonnes which is very low according to Mr. N.Radhakrishnan, President, Cochin Rubber Merchants Association.

It is evident that there is real shortage of rubber in the market and growers also do not hold rubber now. The present situation would change only at the end of this month when the season becomes better after rains, he said.

RSS 3 improved further at its August futures to ¥331 (Rs 129.60) from ¥329.80, September to ¥325.7 (324.8), October to ¥320.1 (319.2), November to ¥316.2 (315.6), December to ¥312.3 (309.8) and January to ¥309.6 (309) a kg at TOCOM. The grade (spot) firmed up to Rs 125.69 from Rs 124.54 a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 140 (140); RSS-5: 136.50 (137); ungraded: 130 (131); ISNR 20: 134 (134) and latex 60 per cent: 85 (85).

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