Rubber Witnesses Down Trend

Kottayam: Spot rubber resumed the downward journey on June 28. On the physical side, RSS 4 declined to Rs 75 a kg from Rs 75.75 and Rs 75.50 a kg respectively at Kottayam and Kochi. The domestic rubber futures stayed in tune with the global mood adding moderate losses to all its contracts. The July contract on NMCE declined to Rs 75 (76.27), August to Rs 75.61 (77.22), September to Rs 75.71 (77.14) and October to Rs 75.90 (77.27) per kg for RSS 4. The volumes improved to 3,112 (2,846) tonnes. The July contract for RSS 4 fell further to Rs 75.05 (76.28) a kg on MCX. The open interest totalled 6,042 (5,904) lots with 2,616 (2,631) lots in July, 2,025 (1,907) lots in August, 888 (864) lots in September and 513 (502) lots in October on NMCE.The July futures for RSS 3 declined to 258.3Yen (Rs 85.75) from 263.1 Yen a kg at TOCOM. The grade fell by 89 paise to Rs 89.14 a kg at Bangkok. Physical prices were (Rs/kg): RSS-4: 75 (75.75); RSS-5: 73 (73.75); ungraded: 71 (72); ISNR 20: 72.50 (73) and latex 60 per cent: 56.85 (57.35).