Rubber Witnesses Mixed Trend

Kottayam: Spot rubber prices showed a mixed trend on May 10. The market activities were sluggish as major international markets were in a bearish mood. Sheet rubber closed marginally higher by 25 paise at Rs 84.25 a kg at Kottayam on scattered transactions, while the grade continued to rule flat at Rs 84.50 a kg at Kochi. The May contract for RSS 4 was quoted at Rs 84.49 (84.73), June at Rs 87.05 (86.98), July at Rs 88.89 (88.68) and August at Rs 89.50 (89.32), while the June contract completed at Rs 86.65 (86.57) per kg on MCX. The volumes on NMCE totalled 1,332 (1,618) tonnes. The open interest was 10,055 (10,009) lots with 4,194 (4,263) lots in May, 3,680 (3,565) lots in June, 1,713 (1,707) lots in July and 468 (474) lots in August. The June futures for RSS 3 declined to 273.8 yen (Rs 93.41) from 276.9 yen a kg at TOCOM.