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Aravindan

Kottayam June 20 The day's mood was dampened by another sharp decline in TOCOM. According to reports the global trendsetter fell on profit booking and renewed selling pressure in late trading followed by yens climb against dollar. On the domestic front, sheet rubber weakened to Rs 80 from Rs 80.75 and Rs 81 a kg respectively at Kottayam and Kochi. The market recorded all-round losses on selling from dealers. The pressure from old stocks was still felt over the trading activities, sources said.

Futures weak

The rubber futures were also in the declining phase on Wednesday. The July contract on NMCE fell further to Rs 80.60 (82.49), August to Rs 81.71 (83.57), September to Rs 80.70 (82.36) and October to Rs 79.01 (80.48) per kg for RSS 4. The July contract moved down to Rs 81.46 (82.95) a kg on MCX.

Spot prices were (Rs/kg): RSS-4: 80 (80.75); RSS-5: 79 (79.25); ungraded: 78 (78.50); ISNR 20: 78.50 (79) and latex 60 per cent: 60 (60).

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