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Aravindan

Kottayam, Sept. 24 Spot prices turned better on Monday. Sheet rubber improved to Rs 90 from Rs 89 and Rs. 89.50 a kg respectively at Kottayam and Kochi as a leading tyre company came forward to procure the grade up to the quoted level. Covering groups and purchase agents were active once again following the re-entry of major manufacturers after a gap. The market made all-round gains on better demand.

The rubber futures moved up on NMCE. The October contract improved to Rs 89.15 (88.30), November to Rs 86.40 (86.02), December to Rs 86.45 (86.03) and January to Rs 87 (86.42) a kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 90 (89); RSS-5: 87.50 (87); ungraded: 85 (84); ISNR 20: 86.50 (86) and latex 60 per cent: 61.55 (60.50).

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