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Aravindan

Kottayam, July 30 Spot rubber prices ruled firm on Monday. Major grades improved taking support from a better closing in overseas markets and corresponding bullishness in domestic futures. Supply to main marketing centres continued to be thin. Sheet rubber RSS 4 closed at Rs 85.50 and Rs 86 a kg respectively at Kottayam and Kochi against Rs 85 a kg on the previous weekend.

According to observers certain tyre companies were buyers for the grade up to Rs 85 a kg. The overall mood was mixed.

In futures, the August contract for RSS 4 finished at Rs 85.20 (83.64) a kg on MCX, while the prices were further better quoting the August contract at Rs 87.02 (85.14) a kg on National Multi Commodity Exchange.

The September contract for the grade improved to Rs 83.83 (82.91), October to Rs 82.60 (82.06) and November contract to Rs 81.90 (81.52) a kg on NMCE.

RSS 3 bounced back at its August futures to 259.9 Yen (Rs 88.52) a kg from 254.6 Yen a kg at TOCOM. Spot prices were (Rs/kg): RSS-4: 85.50 (85); RSS-5: 84 (83); ungraded: 81 (81); ISNR 20: 83.50 (83) and latex 60 per cent: 59.45 (59.45).

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