India: Spot rubber continues to slide

Spot rubber continued to rule weak on Thursday. RSS-4 dropped to ₹123 (123.50) a kg, according to traders and the Rubber Board. The grade slid to ₹120 (120.50) as reported by the dealers. April futures declined to ₹119.10 (122.24), May to ₹121.65 (124.26), June to ₹124.60 (127.02) and July to ₹117.12 (129.93) on the NMCE. RSS-3 (spot) weakened to ₹113.33 (113.42) at Bangkok. Its March futures slid to ₹109.41 (109.51) on the TOCOM. Spot rubber rates (₹/kg): RSS-4: 123 (123.50); RSS-5: 119.50 (120); ISNR 20: 113.50 (114) and Latex (60% drc): 83.50 (83.50).