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Aravindan

Kottayam , Dec. 13

Spot rubber resumed the up trend on Wednesday. RSS 4 improved to Rs 86 and Rs 85.50 a kg respectively at Kottayam and Kochi from Rs 85 a kg on Tuesday.

The market behaved quite differently under the influence of speculators during the session, sources said. The international indices were weak but the domestic market moved against the global mood, which is normally not usual, they added.

Futures firm

On the furthers front, the January contract for RSS 4 finished at Rs 86.75 a kg against Rs 86.28 on MCX. The transactions for the month totalled 603 (755) tonnes.

The December delivery contract weakened to Rs 87 (Rs 87.44) a kg on NMCE. The January contract moved up to Rs 87.25 (Rs 86.83), February to Rs 88.89 (Rs 88.21) and March to Rs 90.30 (Rs 89.82) a kg for RSS 4. The physical rubber prices per kg were: RSS-4: Rs 86 (Rs 85); RSS-5: Rs 83.50 (Rs 83); ungraded: Rs 80 (Rs 79.50); ISNR 20: Rs 82.75 (Rs 82.50) and latex 60 per cent: Rs 52.60 (Rs 52.60).

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