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Aravindan

Kottayam , Jan. 1

Spot rubber finished firm in the New Year session though the global markets were on holidays. Traders seemed to be much optimistic not to sell their stocks expecting the bull run to continue in the succeeding days.

RSS 4 closed flat but strong at Rs 96 a kg at Kottayam as on Saturday. The trend was mixed but the under current was visibly bullish as most of the grades including latex gained amidst better demand and low supply.

Futures mixed

The rubber futures opened higher but profit booking at higher levels pruned the gains partially on NMCE. The market finished in a mixed mood. The January contract concluded at Rs 99.86 (Rs 99.79), February at Rs 102.60 (Rs 102.93), March at Rs 106.16 (Rs 105.83) and April at Rs 109.01 (Rs 108.31) per kg for RSS 4. The transactions totalled 7,243 (5,773) tonnes and open interest 8,657 (8,379) tonnes. The January contract for RSS 4 improved to Rs 101.36 a kg from Rs 100.14 a kg on MCX.

Spot prices were (Rs/kg): RSS-4: 96 (96); RSS-5: 92 (91.50); ungraded: 88.75 (87.50); ISNR 20: 93.00 (90.50) and latex 60 per cent: 67.35 (65.25).

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