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Aravindan

Kottayam, Sept. 10 A sharp decline in TOCOM hammered spot rubber on Monday. RSS 4 declined to Rs 87 from Rs 87.50 a kg both at Kottayam and Kochi. The market made all round declines though the selling from dealers and growers did not induce much pressure on the prices. The sentiments were badly affected as the quotes offered by the tyre sector was much below at Rs 86 a kg for sheet rubber.

The rubber futures made a smart recovery after a weak opening as the news on low stocks in warehouses strengthened the contracts in near months on NMCE. The September contract improved to Rs 89.33 (87.94), October to Rs 83.66 (83.29) and November to Rs 82 (81.88) a kg, while the December contract slipped to Rs 81.90 (81.97) per kg for RSS 4. The transactions totalled 1,358 (793) tonnes. Meanwhile the September contract moved down to Rs 85.75 (86.08) a kg on MCX. Physical prices were (Rs/kg): RSS-4: 87 (87.50); RSS-5: 84.50 (85); ungraded: 80 (81.50); ISNR 20: 84 (84.50) and latex 60 per cent: 60 (61.05).

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