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Aravindan

Kottayam, Sept. 3 Spot rubber showed a better trend on Monday. Prices picked up under the influence of bullish global indices discounting the negative sentiments and news which hammered the market during the last few sessions. RSS 4 moved up to Rs 88.50 and Rs 89.50 a kg from Rs 87.50 and Rs 88 a kg respectively at Kottayam and Kochi. The grade was traded at Rs 89.50 a kg during morning trade also at Kottayam. Supplies were meagre as lingering rains dampened the production process even after Onam, sources said.

The rubber futures was a mixed mood on NMCE. The September contract downed the shutters at Rs 89.70 (89.24), October at Rs 83.70 (83.68), November at Rs 81.86 (81.90) and December at Rs 81 (81.25) per kg for RSS 4. The volumes were 2,027 (1,024) tonnes. The September contract improved to Rs 88.12 from Rs 87.82 a kg on MCX. Spot prices were (Rs/kg): RSS-4: 88.50 (87.50); RSS-5: 86.50 (85); ungraded: 83.50 (82.50); ISNR 20: 86.25 (84.50) and latex 60 per cent: 62.10 (61.05).

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