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India: Spot rubber prices stretch gains

KOTTAYAM, OCTOBER 9:  

Sheet rubber prices increased on fresh enquiries from the tyre sector but latex dropped on slack demand.

RSS-4 improved to Rs 122.50 (Rs 122) a kg, according to traders and the Rubber Board. The grade increased to Rs 119.50 (Rs 119), according to dealers.

The market was mixed mood on Thursday. Ungraded rubber gained on sustained demand from the general rubber goods sector. The October futures improved to Rs 124.40 (Rs 123.36), November to Rs 121.30 (Rs 120.68), December to Rs 121.25 (Rs 120.06), January to Rs 121.20 (Rs 120.33) and February to Rs 121.74 (Rs 121.10) on the National Multi Commodity Exchange. RSS 3 (spot) closed unchanged at Rs 95.76 at Bangkok. October futures closed at ¥175.4 (Rs 99.34) on the Tokyo Commodity Exchange. Spot rubber rates (Rs / kg) were: RSS-4: 122.50 (122); RSS-5: 116 (116); ungraded: 108 (107); ISNR 20: 105 (105); and Latex (60% DRC): 83 (85).

 – The Hindu

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