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Our Correspondent

Kottayam , Nov. 2

THE spot rubber market continued to shed the gains as more traders and growers came forward to sell the stock anticipating further fall in prices. The bearish trend in the world markets depressed the sentiments further as most of the grades lost in the absence of quantum buyers. Sheet rubber RSS 4 closed at Rs 52.75 against Rs 53 on Monday. Major manufacturers kept off and the transactions were low.

The rubber futures also followed the trend quoting the November delivery at Rs 53.85 (54.25) a kg on Tuesday. The near month December delivery was quoted at Rs 54.60 (55.01), January delivery at Rs 55.69 (56.17) and February delivery at Rs 56.71 (57.21) per kg for RSS 4.The volumes were better and the market appeared to be under the grip of bears.

At Bangkok, RSS 3 was steady at Rs 57.70 while the December futures for the same grade closed at 135.9 yen against 137.3 yen a kg at TOCOM.

The spot market rates per kg on Tuesday were as follows: RSS 4 Rs 52.75 (53); RSS 5 Rs 51.50 (52); ungraded Rs 49 (49.25); ISNR 20 R 52 (52.25); latex 60 per cent Rs 40 (40).

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