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Aravindan

Kottayam April 3 Physical rubber prices saw a better trend on Tuesday. Covering groups and purchase agents turned active since the international markets, especially Bangkok, were in buying mode.

Sheet rubber RSS 4 moved up to Rs 94.50 a kg (Rs 94) at Kottayam and Kochi on renewed buying interest.

The market made an all-round improvement but the transactions were low-key.

Futures rise

In futures, the April contract on the NMCE finished the session at Rs 93.50 (Rs 93.08), May at Rs 96.58 (Rs 96.51), June at Rs 100.08 (Rs 99.88) and July at Rs 101 (Rs 101.05) for RSS 4.

The volumes were down at 1,307 lots (2,143).

The open interest was 12,704 tonnes (12,665), with 4,562 tonnes in April, 5,359 tonnes in May, 2,281 tonnes in June and 502 tonnes in July.

The April contract improved to Rs 93 (Rs 92.48) on the MCX.

RSS 3 firmed up to Rs 101.60 (Rs 100.57) at Bangkok.

The May futures for the grade closed marginally higher at 278.4 yen (Rs 101.16) from 278.2 yen at TOCOM.

The spot prices per kg were as follows: RSS-4 94.50 (94), RSS-5 93.50 (93), Ungraded 92.50 (92), ISNR 20 93.25 (92.75) and Latex 60% 64.70 (64.70).

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