Kottayam: The physical rubber prices finished almost steady in the absence of follow up buying on Thursday. The end of the five-day long lorry strike failed to make any positive impact over the market as expected and sheet rubber closed unchanged at Rs 97.50 and Rs 98 a kg respectively at Kottayam and Kochi. The trend was mixed as ungraded rubber and ISNR 20 weakened marginally on scattered trading. The transactions were meagre.
Futures decline
The rubber futures lost ground lacking domestic and international support on NMCE. The November contract moved down to Rs 97.30 (98.98), December to Rs 97.63 (99.85), January to Rs 97.75 (100.01) and February to Rs 98.81 (101) per kg for RSS 4. RSS 4 moved down at its November futures to Rs 97.38 from Rs 98.10 a kg on MCX. RSS 3 was almost steady at Rs 95.59 against Rs 95.55 a kg at Bangkok.
Spot prices were (Rs/kg): RSS-4: 97.50 (97.50); RSS-5: 95.50 (95.50); ungraded: 93 (93.50); ISNR 20: 93.50 (93.75) and latex 60 per cent: 63.50 (63.50).
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