Spot rubber market hit by slack trading

| | Updated on: Nov 12, 2014

Spot rubber was mixed on Wednesday. RSS 4 closed unchanged at ₹118 a kg, according to traders. The grade declined to ₹118.50 (₹119) and ₹115.50 (₹116) respectively, as quoted by the Rubber Board and dealers. The market was almost inactive, though RSS 5 lost marginally amidst scattered transactions. It was difficult to find out a genuine buyer or seller even at lower levels, traders said.

November futures weakened to ₹117.25 (₹118.99), December to ₹116.10 (₹116.13) and January to ₹116.05 (₹116.41) on the National Multi Commodity Exchange. RSS 3 (spot) improved to ₹101.65 (₹100.83) at Bangkok. November futures closed at ¥192.7 (₹102.92) on the Tokyo Commodity Exchange. Spot rubber rates (₹/ kg) were: RSS-4: 118 (118); RSS-5: 111.50 (112); Ungraded: 106 (106); ISNR 20: 105 (105) and Latex (60% drc): 76 (76).

Published on November 12, 2014

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you