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Aravindan

Kottayam April 2 Spot rubber ruled steady on Monday. Though sellers stayed back in the wake of a positive closing in global markets, lack of buying interest kept the raw material rather inactive.

Sheet rubber was flat at Rs 94 a kg both at Kottayam and Kochi as on Saturday. The ongoing lorry strike also had its negative impact on the market, sources said.

The rubber futures finished weak on NMCE. The April contract slipped to Rs 93.24 (93.38), May Rs 96.63 (96.87), June Rs 99.90 (100.06) and July to Rs 101 (100.31) a kg for RSS 4.

Open interest

The open interest was calculated at 12,665 (12,431) tonnes with 4,591 tonnes in April, 5,386 tonnes in May, 2,198 tonnes in June and 490 tonnes in July. The volumes were 2,143 (879) tonnes.

The April delivery contract weakened to Rs 92.51 from Rs 92.58 a kg on MCX.

The May futures for RSS 3 improved to 278.2 yen (Rs 102.11) from 275.2 yen a kg at TOCOM. The grade (spot) closed better by 90 paise at Rs 100.57 (99.67) a kg at Bangkok.

The spot rubber prices per kg are as follows: RSS-4: 94 (94); RSS-5: 93 (93); Ungraded: 92 (92); ISNR 20: 92.75 (92.75); and Latex 60%: 64.70 (64.20).

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