Rubber future witnesses weak trend

The domestic rubber futures completed weak on May 1. On NMCE, the May contract concluded the session at Rs 82.05 (82.72), June at Rs 84.23 (84.73), July at Rs 86.49 (86.85) and August to Rs 87.31 (87.68) per kg for RSS 4. The volumes were 1,148 (2,699) lots. The open interest stood at 9,692 (9,644) lots with 4,629 lots in May, 3,349 lots in June, 1,367 lots in July and 347 lots in August. The May contract for RSS 4 fell to Rs 83.40 a kg from Rs 84.16 a kg on MCX. The June futures for RSS 3 was unchanged at 269.8 Yen (Rs 92.90) a kg at TOCOM. Its spot improved by 12 paise to Rs 93.87 a kg at Bangkok. The physical rubber market remained closed on account of May Day.