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Aravindan

Kottayam, Nov. 3 The physical rubber priced finished firm in the weekend session. Intensified rains and a positive closing in domestic futures extended hopes for a firm trend in near term. According to observers, international supply concerns due to rains in certain major rubber producing countries also have a significant role in the current market mood. Sheet rubber improved to Rs 99 from Rs 98 and Rs 98.50 a kg respectively at Kottayam and Kochi, while the overall market mood was extremely bullish.

The rubber futures ruled firm quoting the November contract at Rs 101.01 against Rs 99.41 a kg on MCX. On NMCE, the November contract finished the session at Rs 100.35 (100.13), December at Rs 101.36 (100.60), January at Rs 102.60 (101.75) and February at Rs 103.60 (102.70) per kg for RSS 4.

The volumes stood at 1,469 (1,689) tonnes and open interest 4,601 (4,469) tonnes.

The outstanding positions were 1,004 (1,029) lots in November, 1,677 (1,637) lots in December, 1,114 (1,057) lots in January and 806 (746) lots in February.

Spot prices were (Rs/kg): RSS-4: 99 (98); RSS-5: 96 (95); ungraded: 94 (93); ISNR 20: 94.50 (93.50) and latex 60 per cent: 64 (63.50).

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