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Aravindan

Kottayam, July 11 Spot rubber made smart gains on renewed buying from covering groups and purchase agents. The physical market experienced acute shortage of the raw material as there were neither any arrivals to the village markets nor to the main marketing centres, sources said. ’We expect the prices to rule firm in the succeeding days’, they added.

RSS 4 improved further to Rs 77 from Rs 76 a kg both at Kottayam and Kochi. Indicating the possibility of a bull run, certain major manufacturers enhanced their quotations to more realistic levels though they were still hovering below the actual rates.

The futures market stayed in tune with the domestic mood on NMCE. The July contract concluded at Rs 78 (76.29), August contract at Rs 79.20 (78.70), September at Rs 80.28 (79.97) and October contract at Rs 80.33 (80.29) per kg for RSS 4. The last traded price for the August contract was Rs 79.30 (78.65) a kg on MCX.

Spot prices were (Rs/kg): RSS-4: Rs 77 (76); RSS-5: 75 (74); ungraded: 73 (72); ISNR 20: 74.50 ( 73.25) and latex 60 per cent: 57.90 (57.35).

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