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Aravindan

Kottayam June 7 Another decline in international rubber prices dampened the domestic sentiments on Thursday. On the physical front, the prices slipped on moderate selling from dealers amidst buyer resistance. The transactions were in a low key. Sheet rubber declined to Rs 85 from Rs 85.75 and Rs 85.50 a kg respectively at Kottayam and Kochi.

According to observers, the market might also experience the selling pressure from some old stocks, which already had incurred some quality loss. Those stocks could not be held further due to the same reason and should be disposed of at the earliest.

Futures down

On NMCE, the June contract for RSS 4 moved down to Rs 85.40 (86.64), July to Rs 87.89 (88.33), August to Rs 87.97 (88.43) and September to Rs 85.40 (86.16) per kg for RSS 4. The June contract for RSS 4 declined to Rs 85.39 (85.64) a kg on MCX. RSS 3 declined sharply at its July futures to 277.9 Yen (Rs 93.14) from 283.6 Yen a kg at TOCOM. In spot, RSS 3 slipped to Rs 95.64 from Rs 95.72 a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 85 (85.75); RSS-5: 83.25 (84.25); ungraded: 82 (83); ISNR 20: 83 (84) and latex 60 per cent: 60 (61.05).

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