Rubber Witnesses Steady Trend

Kottayam: Domestic rubber prices ruled firm in the weekend session on Sept 22. RSS 4 closed flat at Rs 89 and Rs 89.50 a kg respectively at Kottayam and Kochi in the absence of active participants. In futures, the October contract settled at Rs 88 a kg against Rs 87.40 on MCX. On NMCE, the October contract downed the shutters at Rs 88.20 (88.25), November at Rs 86 (86.03), December at Rs 86 (86.15) and January at Rs 86.40 (86.48) a kg for RSS 4. The open interest was quoted at 3,699 (3,652) lots on NMCE with 2,054 (2,077) lots in October, 948 (907) lots in November, 556 (538) lots in December and 141 (130) lots in January. Spot prices were (Rs/kg): RSS-4: 89 (89); RSS-5: 87 (87); ungraded: 84 (84); ISNR 20: 86 (86) and latex 60 per cent: 60.50 (60.50).