KOTTAYAM, SEPTEMBER 9:
Spot rubber dropped further following sharp declines on the National Multi Commodity Exchange. Prices remained under pressure as domestic futures fell below Rs 120 during late trading hours. According to market circles, there were no genuine buyers in the local trading houses even at lower levels. Sheet rubber weakened to Rs 123 (Rs 126) and Rs 124 (Rs 125.50) a kg respectively, according to traders and the Rubber Board.
The grade dropped to Rs 121 (123) a kg, as quoted by dealers. September futures declined to Rs 117.25 (Rs 122.03), October to Rs 116.66 (Rs 120.70), November to Rs 116.86 (Rs 120.53) and December to Rs 117.35 (Rs 120.95) on the National Multi Commodity Exchange. RSS 3 (spot) fell to Rs 102.82 (105.62) in Bangkok. September futures weakened to ¥181 (Rs 103.35) from ¥184.7 a kg during the day session and then to ¥ 179 (Rs 102.23) in the night session on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (Rs/ kg) were: RSS-4: Rs 123 (126), RSS-5: Rs 117 (120); Ungraded: Rs 103 (107), ISNR 20: Rs 103 (105) and Latex (60% drc): Rs 88 (88).
– The Hindu
