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).
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
