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Wednesday, July 6, 2022

India: Slack buying saps rubber

KOTTAYAM, SEPTEMBER 24:  

Sheet rubber declined to Rs 122 (Rs 123) a kg, according to traders on Wednesday. The grade was quoted weak at Rs 121 (Rs 122) and Rs 118 (Rs 119) respectively, by the Rubber Board and dealers. October futures firmed up marginally to Rs 119.22 (Rs 118.34), November to Rs 118.75 (Rs 118.07) for RSS 4 on the National Multi Commodity Exchange. RSS 3 (spot) slid to Rs 97.18 (Rs 97.26) at Bangkok. September futures closed at ¥170 (Rs 95.36) on the Tokyo Commodity Exchange. Spot rubber rates (Rs /kg): RSS-4: 122 (123); RSS-5: 114 (115); Ungraded: 103 (103); ISNR 20: 103.50 (104) and Latex (60% drc): 87 (87.50).

 The Hindu

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