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Our Correspondent

Kottayam , May 26

rubberTHE rubber market was steady on Wednesday. While sellers and growers stayed away, the covering groups turned cautious at higher levels keeping their purchase orders moderately low.

According to traders, the market might explore further highs as the gap between demand and supply positions widens due to adverse climatic conditions.

RSS 4 remained at Rs 60 a kg as on Tuesday. RSS 3 closed at Rs 64.61 a kg at Bangkok while the June futures for the same grade weakened to 155.8 yen against 157.6 yen at TOCOM.

Rubber futures turned weak on Wednesday. The near month June delivery was quoted at Rs 59.95 (Rs 60.14), July delivery at Rs 59.45 (Rs 59.71), August delivery at Rs 58.36 (Rs 58.72) and September delivery at Rs 57.92 (Rs 58.19) per kg for RSS 4. The market opened steady but declined slightly after a weak TOCOM closing.

The spot market rates per kg on Wednesday were as follows: RSS 4 60.00 (60.00); RSS 5 58.75 (58.75); ungraded 58.50 (58.50); ISNR 20 57.50 (57.50); latex 60 per cent 45.00 (45.00)

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