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Aravindan

Kottayam March 10 Spot rubber closed flat on Saturday. The market remained almost inactive with extremely thin volumes. Sheet rubber closed unchanged at Rs 87 and Rs 87.50 a kg respectively at Kottayam and Kochi as on Friday.

Futures recover

The rubber futures made a smart recovery reacting to fresh buying coupled with short covering at lower levels. On NMCE, the March contract moved up sharply to Rs 89 (87.06), April to Rs 92.56 (90.44), May to Rs 96.65 (94.54) and June to Rs 100.22 (97.84) per kg for RSS 4. The open interest stood at 15,678 (15,579) lots with 4250 lots in March, 5031 lots in April, 5090 lots in May and 1307 lots in June. The transactions totalled 2,853 (2,385) lots.

The March contract for the grade improved to Rs 87.98 from Rs 84.60 a kg on MCX.

Physical prices were (Rs/kg): RSS-4: 87 (87); RSS-5: 86 (86); ungraded: 85 (85.25); ISNR 20: 86.50 (86.50) and latex 60 per cent: 62.10 (62.10).

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Spot rubber ends flat

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