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Aravindan

Kottayam, July 24 Spot rubber prices continued to rule unchanged on Tuesday. Though global signals were bearish, the prices sustained at current levels due to supply concerns, sources said. RSS 4 settled flat at Rs 81.50 a kg at Kottayam lacking either buyers or sellers to set the trend. But the grade inched up by 50 paise to Rs 82 a kg at Kochi reacting closely to a marginal improvement in domestic futures on late trading, as covering groups turned active towards close.

On NMCE, the August contract was firm at Rs 81.86 (81.62), September at Rs 80.35 (80.07) and October at Rs 80.03 (79.94), while the far month November slipped to Rs 79.75 (79.88) per kg for RSS 4. The volumes stood at 1,623 (2,236) lots. The August contract ended at Rs 80.79 against Rs 80.72 a kg on MCX.

The August futures for RSS 3 declined to 251.9 Yen (Rs 83.99) from 256.6 Yen a kg at TOCOM. The grade’s spot shed 10 paise to close at Rs 84.64 a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 81.50 (81.50); RSS-5: 80 (80); ungraded: 77.50 (77.50); ISNR 20: 79.50 (79.50) and latex 60 per cent: 58.40 (58.40).

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