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Our Correspondent

Kottayam, Nov. 26 Domestic rubber prices showed a weak trend on Wednesday. The market lost ground on renewed selling from dealers and growers. Sheet rubber moved down to Rs 66from Rs 67a kg. There were no fresh quotes from the major manufacturers. Transactions were at a low key.

Rubber futures on the Tokyo Commodity Exchange opened lower even after declining six days. Bulls’ liquidation was dominant on early trades amidst oil futures’ decline and the yen’s rise against the dollar. The three most distant contracts regained strength towards the morning close wiping out early losses but fell back to the minus column once again in the afternoon.

The December futures for RSS 3 slipped further to 120(Rs 62.33) from 122.7 yen, January to 122.3 (124.5) yen, February to 124.8 (127.3) yen, March to 126.4 (128.4) yen, April to 130.3 (131.2) yen and May to 131.0 (132.8) a kg at TOCOM. RSS 3 (spot) declined to Rs 76.11 (Rs 78.94) a kg at Bangkok.

Physical rates Rs a kg were: RSS-4: 66(67); RSS-5: 63.50 (64); ungraded: 61(62); ISNR 20: 63(63.50); and latex 60 per cent: 51(51).

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