Rubber Witnesses Down Trend

Kottayam: Rubber prices turned weak on Sept 12. RSS 4 (spot) fell to Rs 87 from Rs 88 and Rs 88.50 a kg respectively at Kottayam and Kochi on buyer resistance. In futures, the September contract finished down at Rs 89.90 (90.83), October at Rs 83.60 (84.19) November at Rs 82 (82.75) and December contract at Rs 81.95 (82.39) per kg on NMCE. The volumes totalled 1,065 (1,131) tonnes. The open interest was 3,942 (3,929) lots with 601 (717) lots in September, 2,348 (2,247) lots in October, 704 (697) lots in November and 289 (268) lots in December. The September contract for RSS 4 declined to Rs 86.25 from Rs 87.44 a kg on MCX. RSS 3 weakened at its October futures to 243.7 Yen (Rs 86.53) from 245.9 Yen a kg at TOCOM. Spot prices were (Rs/kg): RSS-4: 87 (88); RSS-5: 85.50 (86); ungraded: 80 (81); ISNR 20: 85 (85.50) and latex 60 per cent: 59.45 (60.50).