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Aravindan

Kottayam, Jan. 10 Physical rubber ruled weak on Thursday. The sentiments were partly affected by the declines in international futures and sheet rubber moved down to Rs 94.75 and Rs 94.50 a kg from Rs 95 and Rs 95.50 a kg respectively at Kottayam and Kochi.

The trend was mixed as RSS 5 and upgraded rubber remained steady with low volumes. Major manufacturers stayed back letting the prices to cool down. RSS 3 fell at its February futures to 285.3 yen (Rs 102.06) from 289.9 yen a kg following yet another bear strike on TOCOM. The grade firmed up by 48 paise to Rs 103.58 a kg at Bangkok spot.

The January contract for RSS 4 finished at Rs 96 (96.03), February at Rs 97.20 (97.65), March at Rs 98.92 (99.24) and April at Rs 100.90 (101.43) a kg on NMCE. The January contract improved to Rs 95.50 (95.12) a kg on MCX.

The open interest was 10,249 (10,440) tonnes with 1,918 (2,145) lots in January, 4,755 (4,750) lots in February, 2,749 (2,719) lots in March and 827 (826) lots in April. The volumes totalled 1,172 (1,394) tonnes.

Spot prices were (Rs/kg): RSS-4: 94.75 (95); RSS-5: 92 (92); ungraded: 90.50 (91); ISNR 20: 91.50 (91.50) and latex 60 per cent: 61 (61).

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