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Aravindan

Kottayam, Nov. 20 The physical rubber market declined further on Tuesday. The sentiments continued to remain bearish fearing further slip in prices. RSS 4 moved down to Rs 94 a kg from Rs 94.75 and 94.50 a kg respectively at Kottayam and Kochi lacking support from major consuming industries. There was moderate selling pressure in the market following a visible increase in arrivals. The prices maintained the quoted levels since the rubber futures were firm, an observer said.

At the international front, RSS 3 spot closed at Rs 95.96 against Rs 96.34 a kg at Bangkok. The December futures for the grade improved to 261.5 (Rs 93.26) Yen from 258.7 Yen a kg at TOCOM. Reacting to a late recovery in TOCOM, the December contract for RSS 4 firmed up to Rs 95.65 (95.05), January to Rs 97.92 (96.75), February to Rs 99.79 (98.14) and March contract to Rs 101.20 (99.52) per kg on NMCE. The December contract moved up to Rs 95.24 (94.30) a kg on MCX.

Spot prices were (Rs/kg): RSS-4: 94 (94.75); RSS-5: 89.50 (90.50); ungraded: 84 (84.50); ISNR 20: 89.50 (90) and latex 60 per cent: 63 (63).

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