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Aravindan

Kottayam , Sept. 12

The physical rubber market witnessed a mixed trend on Tuesday. RSS 4 closed static at Rs 82 a kg in Kottayam and Kochi as on Monday. The remaining grades except latex lost on scattered selling lacking fresh buying interest.

A moderate recovery in international indices helped sheet rubber to sustain at current levels though major consuming sectors were unwilling to enhance the quotes. Weather forecasts offered hopes on clear skies in the succeeding weeks and hence, the selling from dealers and growers continued to pour in to the main trading centres.

Futures improve

The rubber futures improved in tune with TOCOM on NMCE. But most of the traders seemed to believe that the ongoing recovery is temporary and the long-term outlook of rubber is bearish.

The September contract was quoted at Rs 84.74 (Rs 83.03), October at Rs 77.95 (Rs 76.53), November at Rs 77.40 (Rs 75.78) and December contract at Rs 77.80 (Rs 76.11) per kg for RSS 4.

Spot rubber prices per kg were: RSS-4: Rs 82 (Rs 82); RSS-5: Rs 78 (Rs 78.50); ungraded: Rs 76 (Rs 77); ISNR 20: Rs 78 (Rs 78.50) and latex 60 per cent: Rs 66.30 (Rs 66.30).

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