Rubber sees weak trend

Kottayam: Spot rubber closed weak during the weekend session. RSS 4 declined to Rs 80 from Rs 81 a kg as certain nervous dealers and growers pressed for sales since the market forayed into a technically critical level. On NMCE, the July contract surrendered to Rs. 81.50 (82.30), August to Rs 82.61 (83.52), September to Rs 81.63 (82.52) and October to Rs 80 (84) per kg for RSS 4. The July contract ended weak at Rs 82.46 against Rs 82.76 a kg on MCX. Spot rates were (Rs/kg): RSS-4: 80 (81); RSS-5: 79.25 (79.50); ungraded: 78 (78); ISNR 20: 79 (79.25) and latex 60 per cent: 60 (60).