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Aravindan

Kottayam April 7 Spot rubber market continued to stagnate under the spell of Easter holidays. RSS 4 was quoted unchanged at Rs 94.50 a kg at Kottayam and Kochi as on Thursday. The market activities were in an extremely low key.

Futures weak

The rubber futures ruled weak on NMCE. The April contract downed the shutters at Rs 94.16 (94.86), May at Rs 98.20 (98.79), June at Rs 102.25 (102.47) and July at Rs 103.50 (103.30) a kg for RSS 4. The open interest stood at 12,836 (12,685) lots with 4234 lots in April, 5465 lots in May, 2570 lots in June and 567 lots in July. The volumes totalled 849 (688) lots.

The May contract for RSS 4 concluded the session at Rs 98.10 against Rs 98 a kg on MCX.

Spot rubber prices were (Rs/kg): RSS-4: 94.50 (94.50) RSS-5: 93.50 (93.50); Ungraded: 92.50 (92.50); ISNR 20: 93.25 (93.25) and Latex 60 per cent: 64.70 (64.70).

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