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Physical rubber prices finished weak on Wednesday. Sheet rubber declined to ₹120 (123) and ₹121 (124) per kg respectively, according to traders and the Rubber Board. The grade slipped to ₹118 (121), according to dealers.
The September futures closed at ₹117 (117.33), October at ₹116.88 (116.72), November at ₹117.15 (116.88), December at ₹117.28 (117.40) and January at ₹119.58 (121.40) per kg on National Multi Commodity Exchange (NMCE). RSS 3 (spot) declined ₹100.86 (102.82) per kg at Bangkok. The September futures dropped to ¥ 177.5 (₹101.51) from ¥ 181.00 per kg during the day session but then recovered partially to ¥ 177.8 (₹101.68) in the night session on Tokyo Commodity Exchange .
Spot rubber rates (₹/ kg) were: RSS-4: 120 (123), RSS-5: 115 (117), ungraded: 99 (103), ISNR 20: 102 (103) and Latex (60% drc): 87 (88).
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