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Aravindan

Kottayam June 2 Spot rubber fell further on Saturday. The market remained under pressure in the absence of global guidance, as a section of dealers were eager to sell their stocks partially.

Sheet rubber moved down to Rs 86 from Rs 86.75 a kg both at Kottayam and Kochi.

Futures improve

On the contrary, rubber futures showed an improvement on NMCE.

The June contract firmed up to Rs. 87.40 (86.63), July to Rs 88.13 (87.64), August to Rs 87.40 (87.22) and September to Rs 84.99 (84.82) per kg for RSS 4.

The volumes totalled 1,225 (1,368) tonnes. Meanwhile the June contract weakened Rs 86.75 (87.43) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 86 (86.75); RSS-5: 84.50 (85.50); ungraded: 83 (84.50); ISNR 20: 84 (85.25) and latex 60 per cent: 61.05 (61.05).

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