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Aravindan

Kottayam , Jan. 2

Physical rubber prices maintained the bullish mood on Tuesday. The absence of global guidance since major international markets continued to remain closed on New Year holidays does not seem to neutralise the domestic sentiments.

Sheet rubber moved up sharply to Rs 98 kg from Rs 96 kg at Kottayam. The trend was mixed, as most of the grades including latex were static and rather inactive.

Futures gain

The rubber futures resumed the up trend on fresh buying and short covering. On NMCE, the last traded price for January contract was Rs 100.80 (Rs 99.98), February Rs 103.80 (Rs 102.99), March Rs 106.75 (Rs 106.42) and April Rs 110.20 (Rs 109.17) per kg for RSS 4.The volumes were 5,481 (7,243) tonnes and open interest 7,651 (8,657) tonnes.

The January contract for the grade was quoted at Rs 102.25 a kg against Rs 101.29 a kg (456 lots) on MCX.

Sot prices were (Rs/kg): 98 (96); RSS-5: 92 (92); ungraded: 91 (88.75); ISNR 20: 93 (93) and latex 60 per cent: 67.35 (67.35).

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