Rubber Witnesses Up Trend

Kottayam: The news of lower stocks in warehouses kept the domestic rubber rates steady on Sept 11. In the physical front, RSS 4 bounded back to Rs 88 and Rs 88.50 a kg respectively at Kottayam and Kochi from Rs 87 per kg on Sept 10. The prices are hoped to cool down once the September contracts expire on 15th. The September contract increased to Rs 90.61 (89.11), October to Rs 84.10 (83.64) November to Rs 82.75 (82.02) and December to Rs 82.30 (81.98) per kg for RSS 4. The September contract finished the session at Rs 86.35 (85.84) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 88 (87); RSS-5: 86 (84.50); ungraded: 81 (80); ISNR 20: 85.50 (84) and latex 60 per cent: 60.50 (60).