KOTTAYAM, OCT 19:
Spot rubber finished weak on Friday. Sharp declines in the domestic and international futures and the overall weakness in the Asian stock markets, kept prices under pressure on late trades.
According to observers, the market declined mainly on buyer resistance than selling from dealers or growers.
Sheet rubber weakened to Rs 183.50 (Rs 186.00) a kg according to traders. The grade dropped to Rs 184.00 (185.00) a kg at Kottayam and Kochi, as reported by the Rubber Board.
RSS 4 declined with November contracts slipping to Rs 180.50 (Rs 184.03), December to Rs 181.50 (Rs 184.17), January to Rs 182.80 (Rs 185.56), February to Rs 185.40 (Rs 188.22) and March to Rs 187.10 (Rs 190.79) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) slipped to Rs 169.08 (Rs 169.70) a kg at Bangkok. The October futures surrendered to ¥248.0 (Rs 168.76) from ¥ 256.8 per kg during the day session but then remained inactive in the night session on Tokyo Commodity Exchange.
Spot rubber prices (for Rs/kg) were: RSS-4: 183.50 (186); RSS-5: 177 (178); Ungraded: 170 (171); ISNR 20: 164 (165) and Latex 60%: 120 (120).
Source: Business Line
