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Thursday, July 7, 2022

India: Rubber skids on weaker signals

KOTTAYAM, AUGUST 2

Spot rubber was under pressure following the declines in the domestic and global trendsetters on Thursday. RSS-4 slid to 131.50 (132) a kg, according to traders and the Rubber Board. The trend continued to be mixed as ISNR 20 and latex finished flat. RSS-4 weakened at its August futures to 130.20 (131.58) and September to 128.62 (129.85) on the National Multi Commodity Exchange (NMCE). RSS-3 (spot) dropped to 99.96 (100.65) at Bangkok. Its August futures improved a tad to 100.68 (100.32) on the Tokyo Commodity Exchange (TOCOM).

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