India: Spot rubber turns weak

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had heavy losses on Tuesday. 4 declined to 131 (136) and 133 (136) per kg respectively according to traders and the Board. Certain tyre companies bought the raw materiel even below 130 per kg on early trades but they kept a very low profile. October weakened to 125.61 (127.32) per kg on the Indian Commodity Exchange (ICEX).

RSS 3 (spot) inched up to 109.35 (109.23) per kg at . September futures bounced back to 115.29 (108.91) per kg on the (TOCOM). Spot rubber rates (/kg) : RSS-4: 131 (136); RSS-5: 129 (131); ISNR 20: 110 (111) and Latex (60% drc): 105 (106.75).

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