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Our Correspondent

Kottayam , Oct. 28

MODERATE selling from traders depressed the spot rubber prices on Thursday.

Though the buyers from all sectors were hovering around the market, a sharp decline in the Tokyo Commodity Market adversely affected the traders' sentiments persuading them to sell a part of their stock at the opening session. Most of the grades lost marginally, while sheet rubber closed at Rs 54.00 against Rs 54.25 a kg on Wednesday

The National Multi-Commodity Exchange of India (NMCE) futures moved down further after a weak TOCOM closing. The near month November delivery was quoted at Rs 54.72 (55.51), December delivery at Rs 55.25 (55.85), January delivery at Rs 56.22 (56.81) and February delivery at Rs 57.29 (57.79) per kg for RSS 4. The volumes were good.

The TOCOM November futures for RSS 3 fell to 135.4 yen from 138.5 yen a kg on Wednesday while the same grade was static at Rs 58.16 in Bangkok.

The spot market rates per kg on Thursday were as follows: RSS 4 54.00 (54.25); RSS 5 52.75 (53.25); ungraded 50.00 (50.25);

ISNR 20 52.25 (52.50); latex 60 per cent 40.75 (41.00).

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