Rubber Witnesses Up Trend

Kottayam: The physical rubber managed to complete in green on July 13. The spot market still made all-round gains as expected. The rubber futures turned weak on profit booking coupled with fresh selling. The August contract for RSS 4 declined to Rs 81.95 ( 82.40) a kg on MCX. The July contract for the grade weakened to Rs 80.50 (81.07), August contract to Rs 82.10 (82.34), September to Rs 82.51 (83.44) and October contract to Rs 82.79 (83.64) per kg on NMCE. RSS 3 (spot) declined to Rs 83.78 from Rs 84.47 a kg at Bangkok. The August futures for the same grade closed at 254.9 Yen (Rs 84.22 ) against 254.5 Yen a kg at TOCOM. Spot rubber prices were (Rs/kg): RSS-4: 81 (80); RSS-5: 79.50 (78); ungraded: 77 (76); ISNR 20: 79 (77.50) and latex 60 per cent: 58.40 (58.40).