Commodities

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

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