Financial Daily from THE HINDU group of publications
Thursday, Jul 18, 2002
Financial Daily from THE HINDU group of publications Thursday, Jul 18, 2002 |
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Agri-Biz & Commodities
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Rubber Rubber stagnant on weak demand Our Correspondent
KOTTAYAM, July 17 THE rubber market was stagnant on Wednesday on weak demand, though supply strengthened on fresh arrivals from the village centres brought by small traders. The purchases in low volumes intended for purposes other than export by Rubber Marketing Federation continued mainly to keep their schedules to the tyre companies. The weak demand, which made the market inactive, resulted in poor off-take. Fluctuating power supply, inclement weather and closure of many units in Gujarat and elsewhere in other States were the reasons or the low demand, said dealers in the market. The major operators with sufficient stocks often find it difficult to carry on with poor demand. Sheet rubber RSS-4 was traded at Rs 38.25 per kg RSS-5 at Rs 35 as the prices ruled steady. Ungraded rubber and block rubber ISNR-20 remained flat at Rs 34 and Rs 35 respectively. Latex 60 per cent declined a tad to Rs 32.75 from Rs 33 on Tuesday.
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