Rubber witnesses up trend

Kottayam: Spot rubber made smart makes profit in the weekend session. Sheet rubber flared up to Rs 89.50 and Rs 90 from Rs 88.50 and Rs 89 a kg respectively at Kottayam and Kochi. The June contract firmed up to Rs 91.25 from Rs 90.87 a kg on MCX. The June contract for RSS 4 increased to Rs 91.67 (91.36), July to Rs 93.47 (92.93) and August contract to Rs 93.25 (93.13) per kg, while the far month September contract slipped marginally to Rs 90.60 from Rs 90.76 a kg on NMCE. The open interest stood at 7,006 (6,897) lots with 4,018 (3,975) lots in June, 2,302 (2,240) lots in July, 618 (617) lots in August and 68 (65) lots in September. Spot prices were (Rs/kg): RSS-4: 89.50 (88.50); RSS-5: 88 (87.50); ungraded: 87.50 (86); ISNR 20: 88 (87) and latex 60 per cent: 64.20 (63.15).