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Aravindan

Kottayam June 1 Physical rubber prices declined on Friday. They failed to improve, reacting in tandem with TOCOM since there were no genuine and quantity buyers in the market. Sheet rubber RSS 4 slipped to Rs 86.75 from Rs 87.50 and Rs 87.25 a kg respectively at Kottayam and Kochi. There has been selling pressure from dealers to avoid losses, as they feared further fall, sources said.

Futures weak

The rubber futures weakened further on NMCE. The June contract was quoted at Rs 86.74 (87.74), July at Rs 87.74 (88.56), August at Rs 87.30 (87.97) and September at Rs 84.90 (85.40) per kg for RSS 4.

The July contract finished at Rs 88.55 (88.32) a kg on MCX.

Spot prices were (Rs/kg): RSS-4: 86.75 (87.50); RSS-5: 85.50 (86.50); ungraded: 84.50 (85.50); ISNR 20: 85.25 (86.25) and latex 60 per cent: 61.05 (62.10).

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