India: Spot rubber ends lower

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Spot rubber prices closed weak on Thursday. RSS 4 declined to Rs. 125.50 from Rs. 126.00 and Rs. 126.50 per kg respectively according to traders and the Rubber Board. The grade dropped to Rs. 122.50 (123.50) per kg as reported by the dealers. The trend was mixed.

The June futures improved to Rs. 124.00 (122.32), July to Rs. 127.85 (126.28) and August to Rs. 130.60 (129.36) per kg on NMCE.

RSS 3 (spot) weakened to Rs. 132.96 (135.53) a kg at Bangkok. The June futures fell sharply to Rs. 133.50 (Rs.140.92) per kg on TOCOM