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Aravindan

Kottayam, May 5 Physical rubber prices turned better on Monday. Covering groups have been moderately active in the main marketing centres though the trendsetting Japanese markets remained closed on Children’s Day. RSS 4 concluded at Rs 117 against Rs 116 a kg at Kottayam and Kochi. According to sources, the market improved mainly on speculation rather than actual consumer buying and the volumes continued to be low as selling dried up expecting the bull phase to continue.

The rubber futures firmed up further on NMCE. The May contract moved up toRs 118.43 (117.36), June to Rs 116.30 (115.04), July to Rs 112.70 (111.14) and August to Rs 109 (108.03) per kg for RSS 4. The outstanding positions were 1,787 (1,862) tonnes in May, 1,709 (1,518) tonnes in June, 733 (708) tonnes in July and 294 (280) tonnes in August. The volumes totalled 1,368 (1,005) tonnes with 416 (351) tonnes in May, 794 (518) tonnes in June 131 (99) tonnes in July and 27 (37) tonnes in August. The open interest stood at 4,523 (4,368 ) tonnes.

Spot prices were (Rs/kg): RSS-4: 117 (116); RSS-5: 115 (114); ungraded: 113 (112); ISNR 20: 114 (113) and latex 60 per cent: 78.50 (78.50).

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