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Aravindan

Kottayam, July 27 Spot rubber lost its steam lacking follow up support from the consuming sector. A weak closing in international futures and its impact in domestic futures kept the trading activities comparatively dull on the physical front throughout the day. The transactions were low.

Sheet rubber closed unchanged at Rs 85 a kg at Kottayam, while the grade shed 50 paise to reach the same level at Kochi. According to sources, a leading tyre manufacturer was buyer on the grade at the quoted levels. The trend was mixed.

The rubber futures declined on NMCE. The August contract weakened to Rs 84.60 (86.25), September to Rs 82.40 (84.04), October to Rs 81.91 (83.47) and November contract to Rs 81.40 (82.84) per kg for RSS 4. The contracts even hit the lower circuit on late trading but recovered partially towards close.

Spot rates were (Rs/kg): RSS-4: 85 (85); RSS-5: 83 (82.50); ungraded: 81 (81); ISNR 20: 83 (82.50) and latex 60 per cent: 59.45 (59.45).

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