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Our Correspondent

Kottayam, Nov. 14 Physical rubber prices finished almost steady on Wednesday. The market activities were in a low pace lacking support from traders who preferred to keep a wait and watch policy in a bearish atmosphere.

Sheet rubber, the only gainer, improved by 50 paise to Rs 97 a kg at Kottayam following a recovery in the domestic and Japanese futures, possibly on short covering at lower levels. But the grade was quoted unchanged at Rs 96.50 a kg at Kochi on buyer resistance. In the international scene, RSS 3 improved at its December futures to ¥274.3 (Rs 96.78) against ¥272.2 a kg at TOCOM.

The grade declined sharply to Rs 98.79 from Rs 101.74 a kg at Bangkok spot.

In futures, the December contract for RSS 4 firmed up to Rs 98.60 from Rs 98.13 a kg on MCX. The November contract improved to Rs 97.25 (Rs 97.13), December to Rs 99.19 (Rs 98.30), January to Rs 100.89 (Rs 99.90) and February to Rs 102.24 (Rs 101.23) per kg on NMCE.

The per kg physical rubber prices were: RSS-4: Rs 97.00 (Rs 96.50); RSS-5 : Rs 94.00 (Rs 94.00); ungraded: Rs 90.50 (Rs 90.50); ISNR 20: Rs 93.00 (Rs 93.00) and latex 60 per cent: Rs 64.00 (Rs 64.00)

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