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Aravindan

Kottayam, Jan. 13 The physical rubber prices turned bearish on Tuesday. According to observers, the undercurrent was visibly weak amidst the declines in Japanese rubber futures. Sheet rubber moved down to Rs 71 from Rs 72 a kg on buyer resistance. The transactions were low.

RSS 4 slipped at its January contract to Rs 72.40 (72.75), February to Rs 73.35 (73.49), March to Rs 74.26 (74.58), and April to Rs 76 (76.18) a kg on National Multi Commodity Exchange (NMCE).

Rubber futures on the Tokyo Commodity Exchange remained under broad selling on Tuesday. The prices fell back sharply on early trades following steep falls in oil and precious metals futures. The market recovered part of losses later but failed to bounce back further in the afternoon. RSS 3 (spot) closed weak at 74.69 (75.38) a kg at Bangkok. The grade declined at its January futures to ¥133 (Rs 76.33) from ¥142.7, February to ¥132.9 (143.3), March to ¥135.5 (145.6), April to ¥136.1 (147), May to ¥136.7 (148.5) and June to 137.9 (149.7) a kg on TOCOM.

Spot prices were (Rs/kg): RSS-4: 71 (72); RSS-5: 69 (70); ungraded: 67.50 (68); ISNR 20: 68.50 (69) and latex 60 per cent: 55 (55).

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