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Aravindan

Kottayam, Oct. 10 Domestic rubber prices continued to rule firm on Wednesday, catalysed by rumours on low stocks in warehouses. The market activities were led mainly by speculators trying to push up prices to the desired levels to book profits. Firm international indices added further strength to the bull run.

In spot, sheet rubber moved up to Rs 91 a kg from Rs 90 and Rs 90.50 a kg respectively at Kottayam and Kochi. The trend was mixed.

The rubber futures finished green except in October which weakened to Rs 92.50 (92.81) towards close on NMCE while the November contract flared up to Rs 88.90 (87.78), December to Rs 88.89 (87.80) and January to Rs 89.50 (88.78) per kg for RSS 4.Meanwhile, the October contract improved to Rs 92.50 from Rs 90.69 a kg on MCX. Spot prices were (Rs/kg): RSS-4: 91 (90); RSS-5: 88.50 (88); ungraded: 86.50 (86); ISNR 20: 87 (87) and latex 60 per cent: 62.60 (62.60).

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