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Our Correspondent

Kottayam , Aug 1

THE domestic spot rubber prices were steady on Monday.

The market failed to improve despite thin arrivals caused by heavy overnight rains all over the plantation areas and lorry transporters strike, which started from the early hours of Monday.

According to sources, buyers were totally inactive but the rates sustained at current levels only due to extreme weather conditions. Sheet rubber RSS 4 closed unchanged at Rs 69 and Rs 68.50 respectively at Kottayam and Kochi as on Saturday. The transactions were in a low key.

The NMCE rubber futures maintained the better mood quoting the August delivery contract at Rs 69.78 (Rs 69.52), September at Rs 66.25 (Rs 66.09), October at Rs 62.75 (Rs 62.67) and November at Rs 61.70 (Rs 61.68) per kg for RSS 4. The trading volumes declined sharply to 779 lots in a rather dull trading session recording 456 lots in August, 292 lots in September, 28 lots in October and 3 lots in November till noon.

At TOCOM, the September futures for RSS 3 closed at 200 yen, against 199.6 yen a kg on Friday. The same grade improved to Rs 75.92 from Rs 74.88 a kg at Bangkok.

The physical rubber prices per kg were RSS-4 Rs 69 (Rs 69); RSS-5 Rs 65.50 (Rs 65.50); ungraded Rs 61 (Rs 61); ISNR 20 Rs 59.50 (Rs 59.50) and latex 60% Rs 41 (Rs 41).

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