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Aravindan

Kottayam, Dec. 26 The physical rubber prices improved on Wednesday. Sheet rubber closed better by 50 paise a kg at Rs 94.50 at Kottayam as covering groups joined the buyers’ queue but the grade closed flat at Rs. 94 a kg at Kochi. The market made all-round gains and there was sustained demand from the non tyre sector. The January futures for RSS 3 rose to 294.5 Yen (Rs 101.60) from 292.6 Yen a kg at TOCOM led by weak Yen and strong crude oil. RSS 3 (spot) flared up to Rs 101.70 (99.83) at Bangkok.

The rubber futures shed the initial gains to conclude almost unchanged with a slight bearish outlook on NMCE. The January contracts landed at Rs 97 (96.90), February at Rs 98.55 (98.82), March at Rs 100.60 (100.81) and April at Rs 102.11 (102.30) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 94.50 (94); RSS-5: 92.50 (92); ungraded: 91.50 (90); ISNR 20: 91 (90.50) and latex 60 per cent: 61.50 (61).

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