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Aravindan

Kottayam, Jan. 23 The physical rubber prices were flat on Friday. The market activities were in a dull pace as it lacked any trend setting factors to influence the trading sentiments. Most of the dealers and growers stayed back letting the market to settle at the quoted levels and sheet rubber closed unchanged at Rs 66.50 a kg as on Thursday. The volumes were low.

The February futures for RSS 4 closed at Rs 68.43 (68.93), March at Rs 69.59 (69.88), April at Rs 71.04 (71.05) and May at Rs 72.10 (71.95) a kg on National Multi Commodity Exchange (NMCE).

Rubber futures on the Tokyo Commodity Exchange were mixed at the opening as the near months moved up marginally on covering purchases prior to the expiry of the January 2009 contract on Monday The other distant contracts remained under pressure on long liquidation. The January contract for RSS 3 moved down to ¥131.1 (Rs 73.11) against ¥131.7, February to ¥130.1 (134.7), March to ¥131.6 (136.6), April to ¥132.7 (138.1), May to ¥134.1 (140.1) and June to ¥134.8 (141.3) a kg on TOCOM. The grade (spot) closed at Rs 72.01 a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 66.50 (66.50); RSS-5: 65 (65); ungraded: 64.50 (64.50); ISNR 20: 65 (65) and latex 60 per cent: 60 (60).

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