Spot rubber drops with futures

Our Correspondent Kottayam | Updated on July 23, 2014

Spot rubber prices declined on Wednesday. The commodity lost ground tracking the overall weakness on the National Multi Commodity Exchange. Traders were disappointed as domestic markets did not show any signs of recovery even in the midst of the current low production season. The trend was partially mixed. Sheet rubber weakened to ₹139 (₹140) a kg, as quoted by traders. The grade slid to ₹139.50 (₹140) and ₹136.50 (₹137), according to the Rubber Board and dealers. August futures dropped to ₹139 (₹139.26), September to ₹136.19 (₹136.90), October to ₹135.95 (₹136.18) and November to ₹135.75 (₹137) on the National Multi Commodity Exchange. RSS 3 (spot) closed weak at ₹120.06 (₹120.70) at Bangkok. July futures closed at ¥190 (₹112.57) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 139(140); RSS-5: 133 (134); Ungraded: 127 (128) ISNR 20: 120 (121.50) and Latex 60%: 105 (105).

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Published on July 23, 2014
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