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Aravindan

Kottayam June 5 Physical rubber prices were in a mixed mood on Tuesday. Sheet rubber slipped to Rs 85.50 from Rs 85.75 a kg at Kottayam, while the grade finished unchanged at the same level in Kochi. The remaining grades including latex were steady, while ungraded rubber also lost marginally on buyer resistance.

Futures better

The rubber futures turned better following fresh buying and short covering on NMCE. The June contract improved to Rs 86.50 (86.03), July to Rs 88.40 (87.11), August to Rs 88.32 (86.82) and September contract to Rs 85.95 (84.29) per kg for RSS 4. The June contract for the grade moved up to Rs 86.09 from Rs 85.77 a kg on MCX.

Spot prices were (Rs/kg): RSS-4: 85.50 (85.75); RSS-5: 84 (84); ungraded: 82.50 (82.75); ISNR 20: 83.75 (83.75) and latex 60 per cent: 61.05 (61.05).

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