Thursday, February 24, 2011

natural rubber price chart today

natural rubber price chart today : Natural rubber is one of the most important agro-based industrial raw materials in the world. An important ingredient in tyre making, rubber is also used widely in the manufacture of a slew of non-tyre goods. Tyre and non-tyre grade rubber is made out of latex obtained from rubber tree. Nearly 60 percent of the natural rubber is consumed by the transport sector.

Rubber is actively traded in all commodity exchanges but it was banned for a brief period by the government of India taking into consideration of some intense lobbying by a section of rubber consumers who claimed the prices fluctuated or shot up high on account of exchange trading. The rubber prices have now come down heavily from its peak.
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