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Aravindan

Kottayam May 17 Spot rubber showed a firm trend on Thursday. There were no quantity sellers in the market possibly hoping for more profits. A firm Bangkok closing also fuelled the ongoing bullish fever.

RSS 4 ended at Rs 88 against Rs 87.50 a kg at Kottayam. The grade was static at Rs 88 a kg at Kochi resisting to decline in tune with domestic futures. Covering groups appeared optimistic though the tyre sector remained inactive, sources said.

Futures better

On NMCE, the prices were moderately better early in the session but a panic profit booking hammered them to the negative territory towards mid session. The fall was followed by a similar correction in TOCOM though the market leader finished in green.

The June contract declined to Rs 89.60 (90.22), July to Rs 91.60 (92.33) August to Rs 91.69 (92.44) and September contract to Rs 89.70 (90.39) per kg for RSS 4.

The June contract weakened to Rs 89.42 from Rs 89.99 a kg on MCX.

RSS 3 (spot) moved up sharply by Rs 2.40 to Rs 96.95 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 88 (87.50); RSS-5: 87 (86); ungraded: 86 (85); ISNR 20: 87 (86.25) and latex 60 per cent: 63.15 (63.15).

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