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Aravindan

Kottayam , Sept. 6

Spot rubber showed further weakness on Wednesday. Selling from dealers intensified as international markets recorded hectic losses mainly in TOCOM following continuous long liquidation amidst extremely low buying interest from major consuming countries.

Sheet rubber declined to Rs 86.00 a kg from Rs 87.00 and Rs 86.50 a kg respectively at Kottayam and Kochi on Monday. The volumes were comparatively better as there were procuring at lower levels.

Futures weak

The rubber futures also lost lacking support from the overseas markets. On NMCE, the September contract was quoted at Rs 87.25 (Rs 89.01), October at Rs 81.57 (Rs 83.56), November at Rs 81.65 (Rs 84.84) and December contract at Rs 82.25 (Rs 84.02) per kg for RSS 4.

The per kg rates were: RSS-4: Rs 86 (Rs 87); RSS-5: Rs 84 (Rs 85); ungraded: Rs 82.00 (Rs 83.00); ISNR 20: Rs 84 (Rs 85) and latex 60 per cent: Rs 69.45 (Rs 70).

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