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Our Correspondent

KOTTAYAM, March 6

THE rubber market rebounded following active pursuit by the traders for quantum supply.

Market arrivals were low as growers did not take their crop to the market following the international price crossing the $1-mark in Kuala Lumpur equivalent of Rs 48.45 per kg.

Sensing the market mood, traders offered higher rate to attract supply. The short covering group made still higher offers to fulfil delivery commitments by the weekend.

The tyre sector has not revised their offer rate of Rs 43 per kg for RSS 4. Traders acting as their purchase agents have informed the tyre sector that unless the offer price is suitably revised, no rubber will come forth.

Meanwhile, the non-tyre sector was active in purchasing the available quantum of ungraded rubber offering better rate than the previous day's market.

Sheer rubber RSS 4 firmed up to Rs 44.25 from Rs 43.50 a kg, RSS 5 to Rs 43 from Rs 42.50, ISNR 20 to Rs 42.75 from Rs 42.50, ungraded rubber to Rs 42.25 from Rs 42 and latex concentrate to Rs 33 from Rs 32 per kg.

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