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Aravindan

Kottayam, Aug. 11 Spot rubber declined during the weekend session. The market was almost steady till noon but a bearish closing in domestic futures kept the prices under pressure on late trading.

According to sources, the players seemed to expect a weak opening in global rubber on Monday. Sheet rubber declined to Rs 91 a kg from Rs 93 a kg.

The rubber futures moved down further on NMCE. The August contract declined sharply breaking the daily limit of 2 per cent to Rs 92.00 (94.16), while the September contract fell to Rs 85.30 (86.56), October to Rs 81.55 (83.21) and November to Rs 80.50 (81.71) per kg for RSS 4. The September contract weakened to Rs 85.95 a kg from Rs 86.46 on MCX.

Spot prices were (Rs/kg): RSS-4: 91 (93); RSS-5: 89 (90); ungraded: 85.50 (87); ISNR 20: 88.75 (89.50) and latex 60 per cent: 60 (61.05).

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Spot rubber prices decline

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