Spot rubber falls further on Oct. 24

KOTTAYAM, OCT. 24:

Spot rubber weakened further on Wednesday. Declines in the global markets and a holiday mood in the domestic scene kept the prices subdued during the late trading hours.

Sheet rubber declined to Rs 177.00 (Rs 180.00) a kg according to traders. The grade surrendered to Rs 178.00 (Rs 180.00) a kg both at Kottayam and Kochi as quoted by the Rubber Board. RSS 3 (spot) dropped to Rs 163.43 (Rs 167.59) a kg at Bangkok.

The Oct futures moved down from ¥243.3 to ¥238.0 in the night session on the Tokyo Commodity Exchange (TOCOM).

Related Post

Japanese rubber futures snap two-day rise on high China stockpiles

December 27, 2024

Japanese rubber futures firm on supply concerns

December 26, 2024

Japan rubber futures ends lower in thin trade

December 24, 2024

Michelin Gives Hadley Group the Confidence to Deliver

December 23, 2024

Spot rubber prices in Rs/kg: RSS-4: 177.00 (180.00); RSS-5: 173.00 (175.00); Ungraded: 166.00 (168.00); ISNR 20: 161.00 (162.00) and Latex 60%: 120.00 (120.00).

Source: Business Line