Rubber Sees Weak Trend

Kottayam: Spot rubber lost its steam missing follow up support from the consuming sector. A weak closing in international futures and its impact in domestic futures kept the trading activities comparatively dull on the physical front throughout the day. Sheet rubber closed unchanged at Rs 85 a kg at Kottayam, while the grade shed 50 paise to reach the same level at Kochi. The rubber futures fell on NMCE. The August contract weakened to Rs 84.60 (86.25), September to Rs 82.40 (84.04), October to Rs 81.91 (83.47) and November contract to Rs 81.40 (82.84) per kg for RSS 4. Spot rates were (Rs/kg): RSS-4: 85 (85); RSS-5: 83 (82.50); ungraded: 81 (81); ISNR 20: 83 (82.50) and latex 60 per cent: 59.45 (59.45).