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Aravindan

Kottayam, May 20 Spot rubber finished steady on Tuesday. The market lacked the follow-up support from major consuming sectors though there was no visible selling pressure from growers or dealers. RSS 4 closed unchanged at Rs 122.75. Traders were a bit disappointed when the Japanese markets were marginally down on early trades and a late recovery on the trendsetter failed to strengthen the domestic prices, an observer said. Sheet rubber weakened to Rs 122.25 a kg during the morning session but regained the initial losses in tune with the global gains. The market is expected to follow the international trends in near term amidst dull volumes.

On TOCOM, the May contract was flat at ¥316.3 (Rs 129.49) a kg while the June futures improved to ¥316.8 (¥314.9), July to ¥316.4 (¥314.1), August to ¥317 (¥314.5), September to ¥317 (¥314.6) and October futures to ¥317.6 (¥314.8) a kg for RSS 3.

Spot prices were (Rs/kg): RSS-4: 122.75 (122.75); RSS-5: 120 (120); ungraded: 116.50 (116.50); ISNR 20: 118.50 (118.50) and latex 60 per cent: 82.50 (82.50).

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