Spot rubber declined on Tuesday. RSS 4 weakened to ₹123 (124) a kg, according to traders. The grade dropped to ₹123.50 (124) and ₹120.50 (121) respectively as quoted by the dealers. According to reports, the global outlook and soft offtake of Chinese manufacturers could result in lower demand for natural rubber, thereby keeping prices low. August futures improved marginally to ₹122.50 (122.07) and September to ₹122.50 (122.03) while the October futures finished unchanged at ₹121.99 on the National Multi Commodity Exchange. RSS 3 (spot) declined to ₹102.76 (104.32) a kg at Bangkok. August futures recovered to ¥193.5 (₹99.91) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 123 (124); RSS-5: 121 (122); Ungraded: 108 (109); ISNR 20: 110 (111) and Latex 60%: 104 (105).
