Spot Rubber Future Regains

Kottayam: Spot rubber resumed its upward journey on July 16. The market rallied mainly catalysed by domestic supply concerns. Sheet rubber RSS 4 firmed up to Rs 82 from Rs 81 a kg both at Kottayam and Kochi. The market made all-round gains as covering groups remained active around the quoted rates. The rubber futures increased smartly on NMCE. The near month August contract increased to Rs 84.67 (81.94), September to Rs 83.50 (81.84), October to Rs 83.53 (81.87) and November contract to Rs 82.99 (82.93) per kg for RSS 4. The volumes totalled 3,550 (1,466) tonnes. The August contract for RSS 4 increased to Rs 83.75 (81.74) a kg on MCX.RSS 3 (spot) improved by 33 paise to Rs 84.11 a kg at Bangkok. Spot rubber prices were (Rs/kg): RSS-4: 82 (81); RSS-5: 80 (79.50); ungraded: 78 (77); ISNR 20: 79.50 (79) and latex 60 per cent: 58.40 (58.40).