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Aravindan

Kottayam, Aug. 20 Spot rubber made a smart recovery on Monday and even the domestic futures followed the trend registering moderate gains in all contracts. According to sources, the market flared up on short covering amidst low supply as sellers stayed back letting the prices to surge ahead. Sheet rubber RSS 4 closed at Rs 84 a kg against Rs 82 and Rs 81.50 a kg respectively at Kottayam and Kochi.

A positive closing in global markets extended further support to the market mood. On NMCE, the September contract improved to Rs 83.63 (82.36), October to Rs 81.02 (80.48), November to Rs 80.25 (79.81) and December contract to Rs. 79.11 (78.68) per kg for RSS 4.

The September futures for RSS 3 firmed up to 235 Yen (Rs 83.76) a kg from 232.9 Yen a kg at TOCOM.

Spot prices were (Rs/kg): RSS-4: 84 (82); RSS-5: 81 (79); ungraded: 79 (75.50); ISNR 20: 81.25 (79) and latex 60 per cent: 60 (58.95).

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