The Hindu Business Line : Downtrend in rubber continues

THE physical rubber lost further on Friday. The market appeared to be in a sellers mode and most of the buyers including major manufactures continued to keep off as the impact of the peek production season strengthened following a favourable turn in weather.

Sheet rubber RSS 4 moved down to Rs 65.00 a kg from Rs 66.50 and Rs 66 respectively at Kottayam and Kochi.

The NMCE rubber futures showed a mixed trend quoting the November delivery contract at Rs 65.00 (Rs 65.22), December at Rs 64.25 (Rs 64.24), January at Rs 64.40 (Rs 64.06) and February contract at Rs 64.45 (Rs 64.28) per kg for RSS 4.

The December contract on MCX for RSS 4 closed at Rs 64.35 a kg against Rs 64.50 on Thursday.

RSS 3 declined to Rs 72.59 from Rs 72.71 a kg at Bangkok. The November futures for the same grade closed at 183.4 yen against 184.2 yen at TOCOM.

Spot prices a kg re: RSS-4: Rs 65 (Rs 66.50); RSS-5: Rs 62.50 (Rs 63); ungraded: Rs 60 (Rs 60); ISNR 20: Rs 62.75 (Rs 63.75) and latex 60%: Rs 42 (Rs 42).

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