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Aravindan

Kottayam, Dec. 6 The rubber prices weakened on Thursday. The market mood was bearish as TOCOM made all-round declines in rubber as selling from bears became dominant following a slip in crude oil prices. The January futures moved down to ¥254.2 (Rs 90.62) from ¥256.4 a kg for RSS 3. The grade fell by 43 paise to Rs 95.36 a kg at Bangkok. RSS 4 finished weak at Rs 92 against Rs 93 a kg both at Kottayam and Kochi. Selling by dealers and growers kept sheet rubber and ungraded rubber under pressure amidst better arrivals. The trend was mixed.

The December contract moved down to Rs 93.20 from Rs 93.78 a kg on MCX. On NMCE, the December contract fell to Rs 93.61 (95.16), January contract to Rs 94.75 (96.84), February to Rs 96.03 (98.36) and March contract to Rs 98.19 (100.29) per kg for RSS 4. The volumes were down at 1,965 (2,497) lots. The open interest was 6,568 (6,370) tonnes with 1,508 (1,551) tonnes in December, 2,739 (2,659) tonnes in January, 1,766 (1,668) tonnes in February and 555 (492) tonnes in March.

Spot prices were (Rs/kg): RSS-4: 92 (93); RSS-5: 89 (89); ungraded: 84.50 (85.50); ISNR 20: 88 (88) and latex 60 per cent: 61 (61).

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