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Aravindan

Kottayam, Aug. 23 Rubber prices finished unchanged consecutively for the third day on Saturday. Most of the traders remained inactive since the trendsetting Japanese markets were on usual weekend holidays.

RSS 4 continued to rule flat at Rs 137 a kg on buyer resistance. The transactions were low. Major manufacturers were hesitant to buy at higher levels as international rates ruled much below the domestic prices. Their quotes were much below the current levels at Rs 136.50 a kg for sheet rubber during the latter half of the week. The resumption of tapping in most of the plantations following a favourable change in weather added fresh hopes on better arrivals. According to observers it would be difficult for the market to sustain at current levels for a long time in the changing scenario as it lacked strong support from major consuming industries.

Spot prices were (Rs/kg): RSS-4: 137 (137); RSS-5: 134.50 (134.50); ungraded: 128 (128); ISNR 20: 131.50 (131.50) and latex 60 per cent: 81 (81).

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