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Spot rubber strengthened on Monday. According to sources, the market improved on fresh buying and short covering following smart gains on the National Multi Commodity Exchange. Monsoon has set in and it might worsen the domestic production and arrivals. Sheet rubber firmed up to Rs 217.50 (215) a kg, according to dealers. The grade increased Rs 218 (215) a kg both at Kottayam and Kochi, as quoted by the Rubber Board.
RSS 4 recovered at the June series to Rs 222.79 (217.13), July to Rs 226.91 (221.45), August to Rs 227.70 (221.07), September to Rs 225.75 (219.30), October to Rs 224 (217.49) and November to Rs 223.50 (219.40 ) a kg on the NMCE. June futures improved to ¥420 (Rs 234.05) from ¥418 a kg during the day on the Tokyo Commodity Exchange. RSS 3 (spot) inched up to Rs 233.50 (233.27) a kg at Bangkok.
Spot rates were (Rs/kg): RSS-4: 217.50 (215); RSS-5: 216 (213); ungraded: 214 (210); ISNR 20: 208 (207) and latex 60 per cent: 128 .50 (128).
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