Date:24/08/2004 URL: http://www.thehindubusinessline.com/2004/08/24/stories/2004082400511200.htm

Back Rubber shows mixed trend

Our Correspondent

Kottayam , Aug. 23

RUBBER prices showed a mixed trend on Monday. Following the nation-wide truckers strike that commenced on August 21, the offtake from North India has come to a halt.

While ungraded rubber and ISNR 20 dropped, the remaining grades were unchanged as on Saturday. The futures market was slightly better on Monday. The near month September delivery was quoted at Rs 53.07(52.74), October delivery at Rs 51.70(51.24), November delivery at Rs 51.58 (51.25) and December delivery at Rs 51.20 (51.02) a kg for RSS 4. The volumes were moderate.

The September futures for RSS 3 improved to 139.1 yen against 138.6 yen a kg at TOCOM. At Bangkok, RSS 3 closed at Rs 57.85 against Rs 57.68 a kg on Friday.

Spot market rates were (all per kg): RSS 4 - 54 (54), RSS 5 - 51.50 (51.50), ungraded - 49 (50), ISNR 20 - 49.50 (50.25) and latex 60 per cent - 37.50 (37.50).