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Aravindan

Kottayam, Dec. 1 Physical rubber prices showed a mixed mood on Monday. According to observers, sheet rubber firmed up on covering purchases amidst extremely low arrivals. Another sharp decline in global futures failed to influence the domestic rates as it is rumoured that most of the growers have started holding their produce. Anyhow RSS 4 improved to Rs 67 from Rs 66 a kg but latex 60 per cent slipped further against the general trend on low demand.

The futures on the Tokyo Commodity Exchange surrendered sharply on heavy long liquidation at the opening followed by declines in oil products futures. Prices fell deeper into minus territory on late trading as fresh selling and repositioning became dominant. Sentiments remained extremely bearish from midmorning to afternoon. RSS 3 declined at its December contract to ¥114 (Rs 61.19) from ¥125.8, January to ¥115.6 (127), February to ¥117.7 (128), March to ¥119.7 (130.7), April to ¥121.7 (134.1) and May to ¥124.2 (137.6) a kg at TOCOM.

Spot rates were (Rs/kg): RSS-4: 67 (66); RSS-5: 64 (63.50); ungraded: 63 (63); ISNR 20: 63.50 (63) and latex 60 per cent: 48 (49.50).

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