Rubber Witnesses Down Trend

Kottayam: Spot rubber lost its grip on Sept 6. Sheet rubber settled marginally down at Rs 88.25 and Rs 88 a kg respectively at Kottayam and Kochi against Rs 88.50 on purchasers resistance. The rubber futures weakened absorbing the overall sentiments even amidst falling domestic supplies. The September contract declined to Rs 86.71 (87.01) a kg on MCX. On NMCE, the September contract fell to Rs 88.34 (88.76), October to Rs 83.55 (83.96), November to Rs 81.45 (81.87) and December to Rs 81.13 (81.29) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 88.25 (88.50); RSS-5: 85.50 (86.50); ungraded: 82 (83); ISNR 20: 85 (85.50) and latex 60 per cent: 61.55 (62.60).