Kottayam: Physical rubber prices closed on a firm note on March 13. Sheet rubber finished flat at Rs 87.75 and Rs 88 a kg respectively at Kottayam and Kochi as on March 12. The trading lacked proper direction in the absence of domestic fundamental support and guidance, sources said. The March delivery contract for the grade declined sharply to Rs 85.33 (89.03), April to Rs 88.99 (90.35), May to Rs 91.99 (93.96) and June contract to Rs 95.27 (97.76) a kg on NMCE.
The transactions totalled 4,049 (3,198) lots. The open interest stood at 12,182 (15,687) lots with 824 lots in March, 4942 lots in April, 4946 lots in May and 1470 lots in June. The April futures for RSS 3 improved to 260.4 Yen (Rs 98.14) from 258 Yen a kg at TOCOM. The grade was quoted at Rs 97.90 a kg at Bangkok. Spot rubber rates were (Rs/kg): RSS-4: 87.75 (87.75); RSS-5: 87 (87); ungraded: 86 (86); ISNR 20: 86.50 (86.50) and latex 60 per cent: 62.10 (62.10).
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