India: Buyer resistance saps rubber

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Spot rubber continued to rule weak on Thursday due to buyer resistance. Sheet rubber slipped to ₹130 (₹130.50) a kg, according to traders. The grade was quoted weak at ₹130.50 (₹131) and ₹127.50 (₹128) respectively, by the Rubber Board and dealers.

August futures improved to ₹129 (₹128.40), September to ₹129.10 (₹128.82) on the National Multi Commodity Exchange. RSS 3 (spot) declined to ₹113.05 (₹114.41) at Bangkok. August futures closed at ¥184.6 (₹109.66) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130 (130.50); RSS-5: 126 (126); Ungraded: 120 (120); ISNR 20: 111.50 (111.50) and Latex 60%: 100 (101).

– The Hindu