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Aravindan

Kottayam, Sept. 13 Physical rubber prices were almost steady on Thursday. The market remained flat in the absence of fresh demand even amidst persisting supply concerns. Marginal improvement in Japanese futures failed to cheer the traders as the overall global mood was mixed. The only gainer was ungraded rubber, which improved on covering purchases to fulfil the early commitments. Sheet rubber finished unchanged at Rs 87 a kg at Kottayam, while it improved by 50 paise to Rs 87.50 a kg in tune with a late but sharp recovery in current month futures.

On NMCE, the September contract concluded hitting the initial upward daily limit of 2 per cent at Rs 91.36 (89.57) a kg, while the October contracts improved to Rs 84.11 (83.52) November to Rs 82.64 (82.03) and December to Rs 82.37 (81.86) per kg for RSS 4. The October contract slipped to Rs 83.90 (83.97) a kg on MCX.

Spot prices were (Rs/kg): RSS-4: 87 (87); RSS-5: 85.50 (85.50); ungraded: 80.50 (81.50); ISNR 20: 85 (85) and latex 60 per cent: 59.45 (59.45).

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