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Our Correspondent

Kottayam , July 7

SPOT rubber registered moderate gains on Thursday.

Short covering coupled with fresh buying kept the prices firm throughout the day while exporters continued to chase the sellers.

According to sources, the availability of the raw material declined further as major global indices continued to scale new highs mainly on hectic Chinese buying. Sheet rubber RSS 4 closed at Rs 64.50 a kg both at Kottayam and Kochi against Rs 63.00 after touching an intraday high at Rs 65.00 a kg at the opening session.

The NMCE rubber futures flared up further guided by extremely bullish international and domestic markets. The July contract was traded at Rs 64.00 (Rs 62.99), August contract at Rs 64.92 (Rs 64.25), September contract at Rs 62.20 (Rs 61.20) and October contract at Rs 59.80 (Rs 59.05) per kg for RSS 4.

The trading volumes totalled at 1082 lots till mid session with 550 lots in July, 1082 (August), 163 (September) and 97 (October).

RSS 3 closed at Rs 70.14 against Rs 69.09 a kg at Bangkok. The August futures for the same grade improved sharply to 190.6 yen from 184.6 yen a kg at TOCOM.

The spot prices per kg were: RSS-4: Rs 64.50 (Rs 63); RSS-5: Rs 62.50 (Rs 60); ungraded: Rs 59.50 (Rs 58); ISNR 20: Rs 59.00 (Rs 57.50) and latex 60 per cent: Rs 41.50 (Rs 40).

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