Kottayam: The rubber market continued to rule weak on Monday. Sheet rubber declined to Rs 94.75 and 94.50 a kg respectively at Kottayam and Kochi from Rs 95 a kg on Saturday.
According to market circles, the prices fell on selling by dealers and growers who preferred to handover their stocks prior to the peak production season. Major consuming sectors kept a very low profile letting the prices to cool down as the reports from leading global markets were also negative.
RSS 3 weakened at its December futures to 258.7 yen (Rs 91.98) from 261.3 yen a kg at TOCOM. The grade declined to Rs 96.34 from Rs 97.63 a kg at Bangkok.
Futures fall
On NMCE, the December contract fell to Rs 95.10 (Rs 95.82), January to Rs 96.66 (Rs 97.66), February to Rs 98.11 (Rs 98.96) and March to Rs 99.70 (Rs 100.42) per kg for RSS 4. The December contract for the grade slipped to Rs 94.41 from Rs 95.50 a kg on MCX. Spot prices per kg were RSS-4: Rs 94.75 (Rs 95); RSS-5: Rs 90.50 (Rs 92.50); Ungraded: Rs 84.50 (Rs 87); ISNR 20: Rs 90 (Rs 91); and Latex 60%: Rs 63 (Rs 63.50).
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