Rubber Witnesses Down Trend

Kottayam: A sharp fall in TOCOM hammered spot rubber on Sept 10. RSS 4 fell to Rs 87 from Rs 87.50 a kg both at Kottayam and Kochi. The sentiments were badly affected, as the quotes offered by the tyre sector were much below at Rs 86 a kg for sheet rubber. The September contract increased to Rs 89.33 (87.94), October to Rs 83.66 (83.29) and November to Rs 82 (81.88) a kg, while the December contract fell to Rs 81.90 (81.97) per kg for RSS 4. The transactions totalled 1,358 (793) tonnes. Meanwhile the September contract fell to Rs 85.75 (86.08) a kg on MCX. Physical prices were (Rs/kg): RSS-4: 87 (87.50); RSS-5: 84.50 (85); ungraded: 80 (81.50); ISNR 20: 84 (84.50) and latex 60 per cent: 60 (61.05).