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Aravindan

Kottayam, Sept. 7 Physical rubber prices showed a mixed trend on Friday. The under current was weak as the reports from the domestic futures were not encouraging on early trading. In fact, the spot market failed to gather momentum with a last minute recovery on NMCE. Sheet rubber slipped to Rs 88 a kg from Rs 88.25 and Rs 88.50 a kg respectively at Kottayam and Kochi. The sentiments were dull as major manufactures were not interested to buy at prevailing levels.

The rubber futures finished almost steady in near months and moderately better in far months. The September contract for RSS 4 finished at Rs 86.35 a kg against Rs 86.26 on MCX. The September contract for the grade was quoted at Rs 88.35 (88.32), and October at Rs 83.76 (83.63), while the November contract improved to Rs 82.25 (81.25) and December contract to Rs 82.10 (81.24) per kg on NMCE. The transactions totalled 1,417 (983) lots. Spot prices were (Rs/kg): RSS-4: 88 (88.25); RSS-5: 85.50 (85.50); ungraded: 81.75 (82); ISNR 20: 85 (85) and latex 60 per cent: 61.05 (61.55).

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