Spot rubber prices continued to rule weak on Monday. The market opened on a steady note but lost the initial strength on buyer resistance though there was no selling pressure.
While the most active counters RSS 4 and RSS 5 slipped during late trading hours, ISNR-20 and latex finished unchanged on supply concerns. Overall volumes were low.
Sheet rubber declined to ₹139 (₹140) a kg, according to traders. The grade dropped to ₹140 (₹141) and ₹137 (₹138) respectively, according to the Rubber Board and dealers.
May futures weakened to ₹139.10 (₹139.73), June to ₹142 (₹142.37) and July to ₹143.20 (₹143.45) while the August futures improved to ₹143 (₹142.37) on the National Multi Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 139 (140); RSS-5: 136.50 (137); Ungraded: 133 (133); ISNR 20: 131 (131) and Latex 60%: 114 (114).
– The Hindu
