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Aravindan

Kottayam, Sept. 18 The rubber prices moved up catalysed by the sharp gains in TOCOM. According to sources the international trend setter moved up mainly following the gains in oil, gold and other major commodity futures and its October futures flared up to 252.5 Yen (Rs 89.19) from 245.3 Yen a kg for RSS 3. The gains were sharp and similar in all the remaining contracts. In the domestic front, Sheet rubber finished better at Rs 89.50 a kg both at Kottayam and Kochi against Rs 88.50 on Monday. The market seemed to be suffering from acute shortage of NR as a result of intensified and untimely rains round the clock.

The rubber futures took a leap during early trade though the gains were shed partially on profit booking towards close. On NMCE, the last traded price for the October contract was quoted at Rs 88.10 (87.20), November at Rs 85.90 (84.91) , December at Rs 85.60 (84.51) and January at Rs 86.11 (84.62) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 89.50 (88.50); RSS-5: 87 (86.50); ungraded: 84 (83); ISNR 20: 86.50 (86) and latex 60 per cent: 60.50 (60).

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