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Our Correspondent

KOTTAYAM: AFTER an improvement over weekend covering purchases on Saturday, the spot rubber rates remained firm on Monday.

As the peak season expires indicating the possibility of scarcity of raw material, growers are expecting a bull run. Though the buyers slightly enhanced their quotations, the selling from dealers continued to keep the market under pressure. RSS 4 improved to Rs 52.50 from Rs 52.25 a kg at Kottayam and Kochi.

The rubber futures was weak quoting the February contract at Rs 51.60 against Rs 51.78 a kg for RSS 4. The March contract for the same grade was quoted at Rs 52.75 (52.89), April contract at Rs 55.89 (55.93) and May contract at Rs 56.90 (57.10) per kg. The volumes were narrow as most of the traders stayed on the sidelines.

The March futures at TOCOM for RSS 3 improved to 131.3 yen a kg from 130.5 yen on Friday. The physical rubber rates per kg were: RSS 4: 52.50 (52.25); RSS 5: 50.75 (50.50); ungraded: 50.25 (50); ISNR 20: 51 (51); and latex 60%: 39.50 (39.50).

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