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India: Mixed trend in spot rubber

KOTTAYAM, JUNE 18:

Spot rubber showed a mixed mood on Tuesday.

Declines in the domestic and international futures and the absence of genuine buyers kept sheet rubber under pressure during the day.

The grade finished unchanged at Rs 175.50 a kg, according to traders and the Rubber Board. Meanwhile, latex improved on comparatively better demand amidst low supply.

July futures dropped to Rs 172.90 (Rs 174.04), August to Rs 169.80 (Rs 171.34), September to Rs 166.70 (Rs 168.11), and October to Rs 164.40 (Rs 165) while the November contracts improved to Rs 163.95 (Rs 161.95) on the National Multi Commodity Exchange.

RSS 3 (spot) weakened to Rs 161.51 (Rs 162.94) at Bangkok.

June futures declined to ¥ 230 (Rs 141.70) from ¥ 234.7 on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg RSS-4: 175.50 (175.50); RSS-5: 170.50 (170.50); Ungraded: 160.50 (160.50); ISNR 20: 162 (162) and Latex 60 per cent: 117 (115).

Source: Business Line

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