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Aravindan

Kottayam June 12 The domestic rubber market resumed its downward journey on Tuesday. There were practically no buyers in the main marketing centres and the prices declined as certain dealers and growers continued to press for sales. Tyre companies lowered their quotes to unethical levels to avoid fresh commitments. On the physical front, RSS 4 declined to Rs 81 and Rs 81.50 a kg from Rs 82 and Rs 82.50 a kg respectively at Kottayam and Kochi. The market made all-round losses amidst low volumes.

Futures recover

In futures, the July contract for RSS 4 slipped marginally to Rs 83.87 a kg from Rs 84.14 on MCX. The market showed a mixed trend on NMCE quoting the June contract at Rs 82.45 (81.62), July at Rs 84.21 (84.39), August at Rs 85.30 (85.26) and September at Rs 83.46 (83.52) per kg for RSS 4. The market made partial recovery towards close on short covering after remaining weak in all contracts till late mid-session. Spot r prices were (Rs/kg): RSS-4: 81 (82); RSS-5: 80 (80.50); ungraded: 78.75 (79.50); ISNR 20: 79.50 (80) and latex 60 per cent: 59.70 (60).

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