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Our Correspondent

Kottayam , Sept. 22

THE domestic rubber market recorded smart gains on Thursday. Led by rumours on an acute shortage of the raw material, the prices moved up as there were no quantity sellers even at the quoted levels.

Sheet rubber RSS 4 improved sharply to Rs 61 from Rs 60 a kg at Kottayam and Kochi on short covering coupled with fresh buying. The rubber futures also stayed in tune with the physical market quoting the October delivery contract at Rs 62 (60.94), November Rs 60.34 (59.48), December Rs 60.06 (59.46) and January at Rs 60.49 (59.48) per kg for RSS 4.

The trades till noon improved marginally to 1256 lots with 834 lots in October, 146 in November, 151 in December and 125 lots in January.

The October futures for RSS 3 closed at 190 yen against 189.3 yen a kg at TOCOM. The grade improved by 11 paise to Rs 75.44 kg at Bangkok.

The spot prices per kg are as follows: RSS-4: 61 (60); RSS-5: 59 (58); ungraded: 56 (55.50); ISNR 20: 60 (59); and latex 60%: 40 (40).

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