Aravindan

Kottayam, July 19 The rubber prices finished higher at the weekend session. Covering groups remained aggressive procuring sheet rubber at the quoted levels as the domestic buyers were under pressure during the past few sessions due to supply concerns. RSS 4 improved to Rs 133 from Rs 131.75 a kg on Friday.

The market made all-round gains amidst narrow volumes. “We expect the international indices to recover in the succeeding days,” a trader said. “The market is suffering from acute short supply and any fresh buying interest would certainly trigger another bull run in the domestic scene”.

Spot prices were (Rs/kg): RSS-4: 133 (131.75); RSS-5: 131 (130); ungraded: 129.00 (128.50); ISNR 20: 131 (130.50) and latex 60 per cent: 88.50 (88.50).

(This article was published in the Business Line print edition dated July 20, 2008)
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