The Hindu Business Line : Mixed trend in spot rubber

Kottayam, April 29 Spot rubber witnessed a mixed trend on Tuesday. RSS 4 ended flat at Rs 117 a kg at Kottayam, though the grade touched an intra-day low at Rs 116 a kg on early trades, while it was quoted at Rs 117.25 a kg at Kochi.

Covering groups remained active on sheet rubber on late trades as there were no quantity sellers even at higher levels. Prices declined for most of the remaining grades on buyer resistance.

In the international market, RSS 3 (spot) slipped by 38 paise to Rs.114.81 a kg at Bangkok.

Futures improve

On NMCE, the May futures improved to Rs 117.51 (117.21), June to Rs 115.70 (115.01) and July futures to Rs 111.25 (110.73) per kg while the August futures slipped further to Rs 108.40 (108.79) a kg for RSS 4.

The open interest stood at 4,138 (4,093) tonnes. The volumes fell to 1,770 (2,860) lots transacting 863 (1,299) lots in May, 809 (1,168) lots in June 57 (294) lots in July and 41 (99) lots in August.

Spot prices were (Rs/kg): RSS-4: 117 (117); RSS-5: 115 (116); ungraded: 113 (114); ISNR 20: 114.50 (115) and latex 60 per cent: 78.50 (78.50).

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