India: Spot rubber remains subdued

Spot rubber continued to remain subdued on Thursday. RSS 4 weakened to ₹120 (121) a kg, according to traders. The grade dropped to ₹121 (121.50) according to Rubber Board. The trend was mixed and volume low. November futures firmed up to ₹123.80 (122.48) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) slid to ₹97.47 (97.87) at Bangkok. November futures surrendered to ₹84.15 (85.66) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg) were: RSS-4: 120 (121); RSS-5: 116 (116); ISNR 20: 110 (110.50) and Latex (60% drc): 82.50 (82.50).