Aravindan

Kottayam, Aug 18

Mixed trend continued in spot rubber. Most of the leading overseas futures except TOCOM finished in red prompting the traders to stay back from active trading.

Sheet rubber RSS 4 was quoted steady at Rs 92.50 and Rs 93 a kg respectively at Kottayam and at Kochi lacking genuine sellers and buyers on the grade. The domestic supply concerns failed to strengthen the spot prices.

Futures improve

The rubber futures improved marginally on NMCE. The volumes were extremely low at 560 tonnes with absolutely no trades recorded in December till 2 pm. The September contract was traded at Rs 90.76 (Rs 90.06), October contract at Rs 87.88 (Rs 87.25), and November contract at Rs 87.50 (Rs 87.20) per kg for RSS 4.

Spot prices (Rs a kg) were: RSS-4: Rs 92.50 (Rs 92.50); RSS-5: Rs 90 (Rs 90); ungraded: Rs 86.50 (Rs 86.50); ISNR 20: Rs 89.50 (Rs 90) and latex 60 per cent: Rs 72.61 (Rs 73.14).

(This article was published in the Business Line print edition dated August 19, 2006)
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