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Our Correspondent

Kottayam June 9 Physical rubber prices closed on weak note on Saturday. The market appeared technically and fundamentally bearish, while the pressure from old stocks continued to cast its shadow over the trading activities as a whole.

RSS 4 declined to Rs 83.50 from Rs 84.50 and Rs 84 a kg respectively at Kottayam and Kochi. Major manufacturers continued to sideline the market, lowering their quotes further.

FUTURES STEADY

The rubber futures were almost steady on NMCE lacking global guidance in the weekend session. The June contract downed the shutters at Rs 83 (83.10), July at Rs 85.95 (86.04), August at Rs 86.28 (86.39) and September at Rs 84.06 (84.06) per kg for RSS 4.

The open interest was calculated at 7,731 (7,749) tonnes with 2,928 (3,022) tonnes in June, 3,345 (3,296) tonnes in July, 1,120 (1,103) tonnes in August and 338 (328) tonnes in September. June contract for RSS 4 slipped to Rs 83.36 from Rs 83.98 a kg on MCX.

Spot prices per kg were as follows: RSS-4: 83.50 (84.50); RSS-5: 82.50 (83); ungraded: 81.50 (81.75); ISNR 20: 82.50 (82.75); latex 60%: 60 (60).

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