Spot rubber continued to seek further lows on Tuesday. According to market circles, there were no buyers on sheet rubber during late trading hours even at lower levels. Meanwhile, latex – the only gainer of the day – finished marginally higher on acute short supplies. RSS 4 weakened to ₹97 (98) a kg, according to traders. The grade dropped to ₹98 (98.50) and ₹95 (95.50) respectively, according to the Rubber Board and the dealers. January futures improved to ₹99 (97.39), February to ₹99.34 (98.08) and March to ₹100 (98.68) on the National Multi Commodity Exchange. RSS 3 (spot) closed unchanged at ₹76.72 at Bangkok. January futures closed at ¥135 (₹76.63) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 97(98); RSS-5: 93 (95); Ungraded: 85(88); ISNR 20: 84.50 (85) and Latex (60% drc): 79 (77.50).
India: No buyers for rubber
KOTTAYAM, JANUARY 12:
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