The Hindu Business Line : Weak trend in rubber prices

RUBBER market showed a weak trend on Monday. The prices declined slightly on buyer resistance guided by favourable weather conditions which might boost the production in a short period.

Sheet rubber RSS 4 closed marginally lower at Rs 59.75 against Rs 60 a kg at Kottayam and Kochi while RSS 5 and ISNR 20 followed suit in the absence of quantity buyers. Ungraded

The rubber futures continued to remain depressed on Monday. According to sources, most of the traders were not interested to enlarge their commitments at this juncture. The October contract was quoted at Rs 59.08 (Rs 59.40), November at Rs 57.50 (Rs 57.79), December at Rs 57.80 (Rs 58.04) and January at Rs 58.60 (Rs 58.78) per kg for RSS 4. RSS 3 was flat at Rs 75.11 at Bangkok.

The physical rubber prices per kg were as follows:

RSS-4: Rs 59.75 (Rs 60), RSS-5: Rs 58 (Rs 58.50), ungraded: Rs 55.50 (Rs 55.50), ISNR 20: Rs 59 (Rs 59.25) and latex 60%: Rs 40 (Rs 40).

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