Spot rubber declined on Monday.

The market lost ground against expectations lacking follow-up buying and it appeared to be in a holiday mood owing to Ramzan.

Sheet rubber weakened to Rs 171 from Rs 174 and Rs 172 a kg respectively, according to traders and the Rubber Board.

The National Multi Commodity Exchange remained closed on account of Ramzan Id .

RSS 3 (spot) slipped to Rs 155.05 (155.75) a kg at Bangkok.

The August futures for the grade improved to ¥213 (Rs 149.30) from ¥208 a kg during the day session and then to ¥215 (Rs 150.69) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 171 (174); RSS-5: 163 (165); ungraded: 155 (156); ISNR 20: 150 (152) and latex 60 per cent: 113 (115).

(This article was published on August 20, 2012)
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