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Our Correspondent

Kottayam , Oct. 10

DOMESTIC spot rubber prices increased further on Monday. Sheet rubber RSS 4 improved to Rs 66 a kg both at Kottayam and Kochi from Rs 65.25 on Saturday.

All major grades including latex moved up on moderate enquiries from different sectors while the market sentiments appeared extremely bullish guided by the low availability of the raw material. According to sources, the trading volumes were dull though the covering groups were willing to give better quotes for quantity offers.

The NMCE rubber futures joined the trend quoting the October contract at Rs 67.59 (Rs 65.99), November contract at Rs 64.85 (Rs 63.78), December contract at Rs 63.86 (Rs 62.99) and January contract at Rs 64 (Rs 63.23) per kg for RSS 4. The volumes till mid session totalled at 1,084 lots trading 284 lots in October, 580 lots in November, 148 lots in December and 72 lots in January. In MCX, the October contract for the same grade was quoted at Rs 66.30 against Rs 65.29 a kg on Saturday.

At Bangkok, RSS 3 improved to Rs 75.92 against Rs 75.23 a kg on Friday.

Physical prices a kg were: RSS-4: Rs 66 (Rs 65.25); RSS-5: Rs 64.50 (Rs 64); ungraded: Rs 62.50 (Rs 62); ISNR 20: Rs 64(Rs 63.50) and latex 60%: Rs 44 (Rs 43).

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