Spot rubber declined on Wednesday.
According to sources, there were practically no genuine buyers on any counter and prices slipped amidst scattered transactions even in the absence of quantity sellers.
Sheet rubber weakened to Rs 180 (181) a kg h at Kottayam and Kochi as quoted by the traders and the Rubber Board.
Marginal gains in futures failed to make any impact on sentiments as they ruled much below the local rates.
The August series improved to Rs 178.78 (177.90), September to Rs 176.30 (175.46) and October to Rs 176 (175.12) while the November series slipped to Rs 174.20 (174.35) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) surrendered to Rs 167.07 (168.91) a kg at Bangkok.
The August series increased to ¥214 (Rs 152.08) from ¥213.7 a kg during the day session and then to ¥215.6 (Rs 153.19) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 180 (181); RSS-5: 174 (174.50); ungraded: 167 (168); ISNR 20: 166 (167.50) and latex 60 per cent: 125.50 (126.50).
Keywords: Spot rubber, no genuine buyers, prices slipped, scattered transactions
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