Financial Daily from THE HINDU group of publications
Saturday, Apr 20, 2002
Financial Daily from THE HINDU group of publications Saturday, Apr 20, 2002 |
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Agri-Biz & Commodities
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Rubber Sheet rubber dull on resistance Our Correspondent
KOTTAYAM: Sheet rubber prices were dull following buyer resistance. At the same time, prices of block rubber and latex remained flat. Neither the tyre sector nor the non-tyre sector showed interest in the market. However, some of the traders made nominal purchases. In contrast to nearly a month's scarcity trend, there was better arrival of sheet rubber in the market. The pre-monsoon showers of April in many rubber-growing areas in the past two weeks have induced many growers to resume tapping and the new crop has started arriving. Noticing that this is a suitable occasion to keep off and pare down the price, manufacturers do not show any urgency for purchasing rubber. Sheet rubber RSS 4 declined to Rs.34.00 from Rs.34.50 per kg on Thursday and RSS 5 to Rs.32.00 from Rs.32.50. Ungraded rubber fell sharply to Rs.30.00 from Rs.31.00 per kg. Block rubber ISNR 20 and latex concentrate remained flat at Rs.32.00 and Rs.29.00 per kg respectively.
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