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Aravindan

Kottayam, Aug. 23 Spot rubber was bullish on Thursday. RSS 4 closed at Rs 86 a kg against Rs 85 both at Kottayam and Kochi. The grade touched an intra-day high at Rs 86.50 a kg at Kochi on early trading. A firm closing in global futures and moderate support from the covering groups kept the prices at higher levels, sources said. Anyhow the domestic prices were ruling around Rs 2 a kg above the global rates. In the international scene, the September futures for RSS 3 finished better at 237.7 Yen (Rs 84) a kg from 234.4 Yen a kg at TOCOM. But its spot fell by 75 paise to Rs 84.76 from Rs 85.51 a kg at Bangkok.

The futures market also showed a better trend on NMCE. The September contract finished at Rs 85.05 (84.12), October at Rs 80.25 (80), November at Rs 79.50 (79.51) and December at Rs 79.20 (79.13) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 86 (85); RSS-5: 83.50 (82.50); ungraded: 81 (80); ISNR 20: 83 (82.50) and latex 60 pr cent: 60.50 (60.50).

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