Spot rubber rules firm

KOTTAYAM, MARCH 21: Spot rubber finished firm on Wednesday. The commodity seemed to be gaining further on speculative buying and short covering as it suffered from acute short supplies. According to sources, major manufacturers were inactive probably owing to the closing of the current financial year. The transactions continued to be dull.

Natural rubber in the international market showed a mixed trend amidst persistent worries over the demand from China, the top consumer. However the Thai rubber intervention plan and the lean production season in major producing countries are likely to provide firm support at lower levels.

Sheet rubber improved to Rs 197.50 (196) a kg according to traders. The grade increased to Rs 198 (196) a kg as quoted by the Rubber Board.

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http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article3025154.ece?ref=wl_industry-and-economy

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