Rubber sees mixed trend

Kottayam: Spot rubber prices displayed a mixed trend on June 14. Covering groups and buy agents lifted the prices initially but sheet rubber fell back at Rs 82 a kg on late trading after hitting an intra-day of Rs 83 a kg both at Kottayam and Kochi lacking genuine buyers at higher levels. The rubber futures turned weak on late trading after a better start on NMCE. The June contract weakened to Rs 82.50 (83.06), July to Rs 84.37 (85.13), August to Rs 85.50 (86.32) and September contract to Rs 84.38 (84.83) per kg for RSS 4. The open interest was 5,593 (7,220) lots with 322 (2,050) lots in June, 3,491 (3,436) lots in July, 1,324 (1,298) lots in August and 456 (436) lots in September. The transactions totalled 1,949 (1,556) lots. The July contract for RSS 4 declined to Rs 84.58 against Rs 84.92 a kg on MCX. The July futures for RSS 3 improved to 271.6 Yen (Rs 90.28) from 269.9 Yen a kg on TOCOM. Its spot moved up to Rs 91.97 from Rs 91.57 a kg at Bangkok.