Rubber declines on lower volumes

A marginal improvement in TOCOM near months failed to cheer the domestic rubber markets on June 4. Sheet rubber RSS 4 fell to Rs 85.75 and Rs 85.50 a kg respectively at Kottayam and Kochi against Rs 86 a kg on previous weekend. The rubber futures fell on NMCE. The June contract settled down at Rs 85.90 (87.41), July at Rs 87.07 (87.90), August at Rs 86.80 (87.34) and September contract at Rs 84.59 (85) per kg for RSS 4. The June delivery contract weakened to Rs 85.80 (86.53) a kg on MCX The July futures for RSS 3 improved to 285.7 Yen (Rs 94.79) from 285 Yen a kg at TOCOM. The grade weakened to Rs 96.15 from Rs 97.10 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 85.75 (86); RSS-5: 84 (84.50); ungraded: 82.75 (83); ISNR 20: 83.75 (84) and latex 60 per cent: 61.05 (61.05).