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Aravindan

Kottayam, Feb. 29 Spot market showed a positive trend on Friday. Sheet rubber firmed up by 50 paise to Rs 101 a kg at Kottayam while the grade closed steady at the same level in Kochi. The market responded positively to the Union Budget and firm global indices, an observer said. RSS 3 moved up to ¥294.3 (Rs 112.53) from ¥292 a kg at its April futures on TOCOM. The grade finished slightly better at Rs 112.46 against Rs 112.35 a kg at Bangkok.

The April futures for RSS 4 was firm at Rs 103.50 from Rs 102.75 a kg on MCX. The March futures improved to Rs 100.87 (100.02), April to Rs 103.68 (102.92), May to Rs 105.36 (104.40) and June to Rs 107.16 (106.20) per kg on NMCE. The open interest was 7,075 (7,056) tonnes with 3,984 (4,005) tonnes in March, 2,071 (2,040) tonnes in April, 688 (688) tonnes in May and 332 (323) tonnes in June. The volumes totalled 890 (1,507) lots.

Spot prices were (Rs/kg): RSS-4: 101 (100.50); RSS-5: 99.50 (99); ungraded: 97 (96); ISNR 20: 99 (98.50) and latex 60 per cent: 68 (66).

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