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Aravindan

Kottayam May 10 Spot rubber prices showed a mixed trend on Thursday. The market activities were sluggish as major international markets were in a bearish mood.

Sheet rubber closed marginally higher by 25 paise at Rs 84.25 a kg at Kottayam on scattered transactions, while the grade continued to rule flat at Rs 84.50 a kg at Kochi. Latex 60 per cent also firmed up, as there were no sellers below the quoted rate.

Futures steady

The rubber futures were reported to be in a steady mood with a positive inclination in far months on NMCE. The May contract for RSS 4 was quoted at Rs 84.49 (84.73), June at Rs 87.05 (86.98), July at Rs 88.89 (88.68) and August at Rs 89.50 (89.32), while the June contract finished at Rs 86.65 (86.57) per kg on MCX.

The volumes on NMCE totalled 1,332 (1,618) tonnes. The open interest was 10,055 (10,009) lots with 4,194 (4,263) lots in May, 3,680 (3,565) lots in June, 1,713 (1,707) lots in July and 468 (474) lots in August.

The June futures for RSS 3 declined to 273.8 yen (Rs 93.41) from 276.9 yen a kg at TOCOM.

Spot prices were (Rs/kg): RSS-4: 84.25 (84); RSS-5: 83 (83); ungraded: 82 (82); ISNR 20: 83.25 (83.25) and latex 60 per cent: 63.15 (62.10).

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