Rubber Witnesses Steady Trend

Kottayam: Physical rubber prices were almost firm on Sept 13. Sheet rubber finished unaltered at Rs 87 a kg at Kottayam, while it improved by 50 paise to Rs 87.50 a kg in tune with a late but sharp recovery in current month futures. On NMCE, the September contract concluded hitting the initial upward daily limit of 2 per cent at Rs 91.36 (89.57) a kg, while the October contracts increased to Rs 84.11 (83.52) November to Rs 82.64 (82.03) and December to Rs 82.37 (81.86) per kg for RSS 4. The October contract fell to Rs 83.90 (83.97) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 87 (87); RSS-5: 85.50 (85.50); ungraded: 80.50 (81.50); ISNR 20: 85 (85) and latex 60 per cent: 59.45 (59.45).