The Hindu Business Line : Mixed trend in spot rubber

SPOT rubber showed a mixed trend on Saturday. RSS 4 declined to Rs 63.50 and Rs 63.25 respectively at Kottayam and Kochi from Rs 64 a kg on profit booking at higher levels, while most of the buyers preferred to keep a low profile on the grade.

RSS 5 and ungraded rubber followed suit on moderate selling pressure coupled with buyer resistance. ISNR 20 was static but firm on strong export enquiries while latex 60 per cent also ended flat on low supply and steady demand.

The NMCE rubber futures closed slightly better probably on short covering at lower levels. The October delivery contract was quoted at Rs 63.57 (63.28), November contract at Rs 62.46 (62.14), December at Rs 62.00 (61.90) and January at Rs 62.42 (62.04) per kg for RSS 4. The total transactions stood at 1710 lots with768 lots in October, 528 lots in November, 278 lots in December and 136 lots in January.

Physical prices a kg were: RSS-4: Rs 63.50 (64); RSS-5: Rs 62 (62.50); ungraded: Rs 60 (61); ISNR 20: Rs 62.50 (62.50) and latex 60 per cent: Rs 42 (42).

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