India: Spot rubber turns weak

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Spot rubber turned weak on Wednesday. RSS 4 dropped to ₹124.50 (125) a kg, according to traders and the Rubber Board. The trend was mixed as most counters remained unchanged in a comparatively inactive trading session. February futures declined to ₹123.52 (125.71)on the Indian Commodity Exchange (ICEX). RSS 3 (spot) slid to ₹116.68 (117.78) a kg at Bangkok. January futures surrendered to ₹131.45 (134.11) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg) : RSS-4: 124.50 (125); RSS-5: 120 (120); ISNR 20: 117 (117) and Latex (60% drc): 87 (87).