Rubber Sees Upward Trend

Kottayam: Spot prices increased on Sept 19. RSS 4 moved up to Rs 90 a kg from 89.50 both at Kottayam and Kochi as the inflow of rubber to the main marketing centres almost hit the bottom line. The October contract increased to Rs 88.40 (88.02), November to Rs 86 (85.84), December to Rs 86 (85.68) and January to Rs 86.15 (86.12) per kg for RSS 4. The volumes stood at 1,654 (2,295) tonnes and open interest 3,499 (3,499) tonnes. The October contract increased to Rs 88.13 (87.71) a kg on MCX. The open interest on NMCE in October was quoted at 2,145 (2,209) tonnes, November at 866 (844) tonnes, December at 418 (388) tonnes, and January at 70 (58) tonnes. RSS 3 spot increased to Rs 87.72 from Rs 86.79 a kg at Bangkok. The October futures for the grade was better at 256.9 Yen (Rs 89.19) against 252.5 Yen a kg at TOCOM. Spot prices were (Rs/kg): RSS-4: 90 (89.50); RSS-5: 87.50 (87); ungraded: 85 (84); ISNR 20: 86.50 (86.50) and latex 60 per cent: 60.50 (60.50).