Kottayam: Spot rubber showed a mixed mood on Monday. RSS 4 hit the Rs 100-mark in the morning session as the international indices firmed up catalysed by a better trend in oil and gold futures. But the grade failed to hold on the gains completely lacking follow up support and closed at Rs 99.50 a kg both at Kottayam and Kochi against Rs 99 on the previous weekend. According to sources all-round declines in domestic futures took the steam out of the market and the volumes were dull.
Futures weak
The rubber futures finished weak possibly on profit booking at higher levels. The November contract declined to Rs 99.51 (00.60) a kg on MCX. On NMCE, the November contract moved down to Rs 99.25 (100.53), December to Rs 99.60 (101.44), January to Rs 100.40 (102.51) and February contract to Rs 101.63 (103.61) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 99.50 (99); RSS-5: 96.50 (96); ungraded: 94 (94); ISNR 20: 94.50 (94.50) and latex 60 per cent: 64 (64).
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