India: Spot rubber rules steady

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, NOVEMBER 20

Spot rubber was quoted steady on Tuesday. The market was almost in a holiday mood owing to ‘Nabi Dinam’. 4 continued to rule unchanged at 120 a kg, according to traders. The grade weakened to 120 (120.50) according to the Rubber Board. The trend was partially mixed as RSS 5 lost marginally amidst scattered transactions. December dropped to 119.33 (120.73) per kg on the Indian Commodity Exchange (ICEX). RSS 3 (spot) slid to 96.90 (97.04) per kg at . Its November futures declined to 83.96 (84.43) per kg on the (). Spot rubber rates (/kg) were: RSS-4: 120 (120)RSS-5: 114.50 (115); ISNR 20: 109 (109) and Latex (60% drc): 83.50 (83.50).

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