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Spot rubber declined on Monday. The market surrendered mainly on buyer resistance tracking the losses in intentional futures. Meanwhile the Key Tokyo rubber futures fell more than 3 per cent following the news that floods in Thailand have spread further into industrial provinces which host major automotive plants. The National Multi Commodity Exchange remained closed owing to Id-ul-Zuha (Bakrid).
Sheet rubber moved down to Rs 202 (205.50) a kg according to traders. The grade closed weak at Rs 202.50 (205) a kg both at Kottayam and Kochi as quoted by the Rubber Board.
RSS 3 (spot) weakened to Rs 183.17 (186.27) a kg at Bangkok. The November futures dropped to ¥279.3 (Rs 175.34) from ¥287.5 a kg during the day session and then to ¥275 (Rs 172.64) a kg in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 202 (205); RSS-5: 199 (203); ungraded: 192 (193); ISNR 20: 183.50 (190) and latex 60 per cent: 124 (125.50).
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