Rubber Sees Bearish Trend

Kottayam: A pessimistic trend continued to prevail in the physical rubber market on June 26. RSS 4 fell to Rs 77 from Rs 77.75 and a kg at Kottayam but the grade finished steady at Rs 77.50 a kg at Kochi. The rubber futures turned better after an initial weakness on NMCE. The July contract increased to Rs 78 (77.94), August to Rs 79.02 (78.85), September to Rs 78.50 (78.20) and October contract to Rs 78.40 (78.23) per kg for RSS 4. The July contract for the grade ended slightly lower at Rs 78.50 (78.84) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 77 (77.75); RSS-5: 76 (76.50); ungraded: 74 (74.75); ISNR 20: 75.50 (76) and latex 60 per cent: 58.40 (58.40).