KOTTAYAM, OCT. 10:
Spot rubber declined on Thursday.
The commodity lost further following the absence of genuine buyers as major manufacturers continued to abstain from the market and the sharp declines in domestic futures.
Meanwhile, the key Tokyo rubber futures fell more than two per cent tracking an over night decline in oil prices.
Sheet rubber weakened to Rs 166 (Rs 168) a kg, according to traders.
The grade dropped to Rs 166.50 (Rs 168) at Kottayam and Kochi, according to the Rubber Board.
The transactions were in an extremely low key.
October futures declined to Rs 164.88 (Rs 168.56), November to Rs 166.29 (Rs 170.15), December to Rs 168.15 (Rs 172.11), January to Rs 170.02 (Rs 174.90) and February to Rs 173.36 (Rs 176) for RSS 4 while March futures remained inactive on the National Multi Commodity Exchange. RSS 3 (spot) slipped to Rs 156.66 (Rs 156.80) at Bangkok.
October futures closed at ¥247.6 (Rs 156.55) on the Tokyo Commodity Exchange
Spot rubber rates Rs/kg were: RSS-4: 166 (168); RSS-5: 160 (162); Ungraded: 156 (158); ISNR 20: 157 (158) and Latex 60%: 127 (128).
Source: The Hindu
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