KOTTAYAM, JULY 24:
Spot rubber declined on Wednesday. The market lost ground on buyer resistance as covering buyers stayed back letting the prices to cool down following yet another weak closing on NMCE.
Sheet rubber declined to Rs 195 (Rs 198) a kg, according to traders. The grade finished unchanged at Rs 195 at Kottayam and Kochi, as quoted by the Rubber Board.
August futures dropped further to Rs 190.70 (Rs 191.53); September Rs 180.45 (Rs 181.49); October Rs 171 (Rs 171.04); November Rs 163.50 (Rs 163.98); and December to Rs 161.90 (Rs 164.04) on the National Multi Commodity Exchange.
RSS 3 (spot) closed at Rs 153.11 (Rs 152.95) at Bangkok.
July futures closed at ¥254.0 (Rs 150.06) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 195 (198); RSS-5: 189 (190); Ungraded: 179 (180); ISNR 20: 180 (180); and Latex 60%: 162 (162).
Source: Business Line
