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Aravindan

Kottayam, Jan. 3 The physical rubber rates turned better on Friday. RSS 4 firmed up to Rs 94.50 and Rs 95 a kg respectively at Kottayam and Kochi from Rs 94 a kg as covering groups and purchase agents remained active on the grade. Major manufacturers were buyers on sheet rubber up to Rs 94 a kg while the trend was mixed since certain counters were steady owing to low demand.

The February futures closed marginally higher at 295.8 Yen (Rs 106.34) against 295.3 Yen a kg at TOCOM. The Japanese trend setter opened lower following yen’s rise against dollar but managed to finish in the positive zone as buying at lower levels became dominant towards the end of the half day session.

On NMCE, the January contract improved to Rs 97.09 (96.49), February to Rs 98.89 (98.33), March to Rs 100.77 (100.09) and April to Rs 102.70 (101.83) per kg for RSS 4. The volumes were 2,160 (1,263) tonnes.

Spot prices were (Rs/kg): RSS-4: 94.50 (94); RSS-5: 92 (92); ungraded: 90.50 (90); ISNR 20: 91 (91) and Latex 60 per cent: 61.50 (61.50).

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