India: Downfall in spot rubber resumes

Spot rubber prices continued to fall on Wednesday. RSS 4 declined to ₹119 (120) per kg, according to traders and the Rubber Board. There were no buyers in the market during late trading hours even at the low levels. The trend was partially mixed. RSS 4 weakened at its December futures to ₹117.71 (119.40) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) dropped to ₹95.66 (96.90) per kg at Bangkok. However, its November futures improved to ₹83.98 (83.96) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg) were: RSS-4: 119 (120); RSS-5: 114 (114.50); ISNR 20: 108.50 (109) and Latex (60% drc): 83.50 (83.50).