Home Global rubber market news India: Spot rubber slips further

India: Spot rubber slips further

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KOTTAYAM, AUG. 19:

The physical rubber prices lost further on Monday.

The market remained under pressure expecting an improvement in arrivals within a couple of weeks following the resumption of tapping in major plantation areas.

Sheet rubber dropped to Rs 185 (Rs 187) a kg, according to traders. The grade declined to Rs 186 (188) both at Kottayam and Kochi, as quoted by the Rubber Board.

RSS 4 weakened at its September futures to Rs 176.12 (Rs 179.28), October to Rs 169.05 (Rs 171.24), November to Rs 167.01 (Rs 167.98) and December to Rs 167.25 (Rs 167.61) on the National Multi Commodity Exchange.

RSS 3 (spot) firmed up to Rs 162.03 (Rs 159.91) at Bangkok.

August futures closed at ¥ 259.2 (Rs 167.18) on the Tokyo Commodity Exchange .

Spot rubber rates Rs/kg : RSS-4: 185 (187); RSS-5: 183 (184); Ungraded: 174 (178) ISNR 20: 170 (174) and Latex 60 per cent: 162.50 (163).

Source: The Hindu

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