Rubber Price Sees Weak Trend

Kottayam: Physical rubber prices maintained to rule weak on April 18. Sheet rubber settled sharply down at Rs 87 against Rs 89 a kg both at Kottayam and Kochi. The rubber futures fell sharply in the morning session but regained the losses completely to finish in green on fresh buying coupled with short covering. On NMCE, the near month May contract concluded the day at Rs 89 (88.59), June at Rs 91.49 (90.89), July at Rs 93.60 (93.59) and August at Rs 92.65 (93) per kg for RSS 4. RSS 4 improved at its May contract to Rs 89.50 from Rs 89.20 a kg on MCX. Spot rubber rates were (Rs/kg): RSS-4: 87 (89); RSS-5: 86 (88); Ungraded: 85 (87); ISNR 20: 86.25 (88.25) and Latex 60 per cent: 64.20 (64.20).