Kottayam: The domestic rubber prices showed a mixed trend on Wednesday reacting to the news that the Government favours checks on rubber futures. In spot, RSS 4 finished flat at Rs 94 a kg respectively at Kottayam and Kochi taking breath from the above news and the early gains in Japanese markets during morning trades. The remaining grades except ungraded rubber and latex improved as sellers stayed back while a late slip in TOCOM failed to reverse the trend.
Futures slip
The December futures for RSS 3 slipped to 260.5 (Rs 94.01) Yen from 261.5 Yen a kg at TOCOM. The grade closed weak at Rs 95.89 against Rs 95.96 a kg at Bangkok. The domestic rubber futures declined quoting the December contract at Rs 94.50 (95.08) a kg on MCX. On NMCE the December contract moved down to Rs 93.94 (95.78), January to Rs 95.98 (97.94), February to Rs 97.84 (99.75) and March to 99.20 (101.20) per kg for RSS 4. The volumes stood at 2,491 (2,233) tonnes and open interest 4,329 (4,269) tonnes. Spot prices were (Rs/kg): RSS-4: 94 (94); RSS-5: 90.50 (89.50); ungraded: 84 (84); ISNR 20: 90 (89.50) and latex 60 per cent: 63 (63).
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