Rubber Sees Steady Trend

The domestic rubber prices were firm on Sept 11. Traders remained to sideline the market and the inflow of the raw material hit the bottom lines. RSS 4 ended flat at Rs 141 a kg as on Sept 10. According to observers any visible change is hoped only after the Onam holidays. Meanwhile, the trend-setting Japanese rubber futures ended in red reporting slightly losses as it recovered partially on late trading followed by short covering at lower levels. Its spot closed at Rs 133.77 (133.18) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 141 (141); RSS-5: 138 (138); ungraded: 136 (136); ISNR 20: 130 (130) and latex 60 per cent: 81 (81)