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Aravindan

Kottayam, Sept. 1 Physical rubber prices continued to rule steady on Saturday. Sheet rubber closed flat at Rs 87.50 and Rs 88 a kg respectively at Kottayam and Kochi as on Friday.

The rubber futures finished slightly better catalysed by a usual weekend short covering and fresh buying at lower levels. The September contract for RSS 4 improved to Rs. 88.20 from Rs 87.52 a kg on MCX. The September contract firmed up to Rs 89.20 (88.63), October to Rs 83.65 (83), November to Rs 81.83 (81.46) and December contract to Rs 81.06 (80.50) per kg on NMCE.

Spot prices were (Rs/kg): RSS-4: 87.50 (87.50); RSS-5: 85 (85); ungraded: 82.50 (82.50); ISNR 20: 84.50 (84.50) and latex 60%: 61.05 (61.05).

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