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Aravindan

Kottayam May 24 Rubber prices witnessed a mixed trend on Thursday. Sheet rubber improved to Rs 91.50 and Rs 92 from Rs 91 and Rs 91.25 a kg respectively at Kottayam and Kochi. Most of the grades were static and inactive lacking traders on either side.

Supply fears could haunt the players more in the succeeding days, an analyst said. Fundamentally, we are moving through a low production season and now the incoming monsoon would interrupt tapping to a great extent.

Futures better

The rubber futures finished marginally better on NMCE. The near month June contract improved to Rs 92.50 (92.24) and July to Rs 93.50 (93.25), while the far month August contract slipped to Rs 92.62 (92.73) and September concluded almost steady at Rs 90.05 (89.97) per kg for RSS 4. The June contract weakened to Rs 91.90 (92) a kg on MCX. Profit booking kept the prices under pressure during the later half of the session, sources said.

Spot prices were (Rs/kg): RSS-4: 91.50 (91); RSS-5: 90 (90); ungraded: 88.50 (88.50); ISNR 20: 90 (90) and latex 60 per cent: 64.70 (64.20).

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