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Aravindan

Kottayam, July 19 Spot rubber continued to rule weak on Thursday. A slight improvement in global futures had no impact in the physical front and prices softened on buyer resistance amidst selling from traders, sources confirmed. The transactions were dull. RSS 4 went down to Rs 80.50 from Rs 81 a kg both at Kottayam and Kochi. The market behaviour seems to be unpredictable since it is moving very close to the international levels, an analyst said.

The rubber futures ended marginally better except for the near month possibly on global influence since the August futures for RSS 3 improved to 251.1 Yen (Rs 82.74) from 249.3 Yen a kg at TOCOM.

RSS 3 (spot) was almost steady at Rs 83.23 against Rs 83.22 a kg at Bangkok. The August contract for RSS 4 weakened to Rs 80 (80.11) a kg on MCX. The August contract for the grade slipped to Rs 80.28 (80.43), while the September contract inched up to Rs 79.30 (79.16), October to Rs 79.24 (79.16) and November contract to Rs 78.95 (78.84) per kg on NMCE. The volumes were 4,233 (5,008) lots.

Spot rates were (Rs/kg): RSS-4: 80.50 (81); RSS-5: 79 (79.50); ungraded: 77 (78); ISNR 20: 78.50 (79.25) and latex 60 per cent: 57.90 (57.90).

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