India: Spot rubber rules weak

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Spot rubber continued to rule weak in the absence of fresh enquiries on Monday. RSS 4 declined to ₹130 (132) a kg according to traders and the Rubber Board. The grade dropped to ₹127 (129) a kg according to dealers.

August futures slid to ₹130.65 (130.96), September to ₹128.33 (129.85) and October to ₹126 (127.09) on NMCE.

RSS 3 (spot) surrendered to ₹112.82 (116.34)at Bangkok. August futures improved to ₹118.71 (117.15) on TOCOM. Spot rubber rates (₹/kg) follow: RSS-4: 130 (132); RSS-5: 126 (128); ISNR 20: 121 (122) and Latex (60% drc): 88.50 (89).