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Aravindan

Kottayam March 28 Spot rubber ruled steady on Wednesday. The market seemed to be missing proper direction since the global trend setters were almost neutral. The volumes were low.

RSS 4 closed unchanged at Rs 94 a kg both at Kottayam and Kochi as on Tuesday. Sellers stayed back expecting the prices to improve while most of the buyers predicted that the market would soften shortly. The international demand for rubber might also be in a declining phase in the succeeding weeks, sources said.

Futures dull

The rubber futures continued to remain dull on NMCE. The April contract for RSS 4 slipped to Rs 93.01 (93.70), May to Rs 96.80 (97.21), June to Rs 99.88 (100.27) and July contract to Rs 101.70 (101.87) per kg for RSS 4.

Spot rubber prices were (Rs/kg): RSS-4: 94 (94); RSS-5: 93 (93); ungraded: 92 (92); ISNR 20: 92.50 (92.50) and latex 60 per cent : 64.20 (64.20).

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