Commodities

Buyer resistance saps rubber

Our Correspondent Kottayam | Updated on January 22, 2018


Spot rubber fell further . RSS-4 weakened to ₹126.50 from ₹127 and ₹127.50 a kg respectively, according to traders and the Rubber Board. The grade declined to ₹123.50 (124.50) on buyer resistance. February futures surrendered to ₹125.05 (128.12), March to ₹126.90 (129.94), April to ₹129.49 (132.86) on the NMCE. RSS-3 (spot) firmed up to ₹111.22 (111.10) at Bangkok. January futures improved to ₹117.85 (117.31) on the TOCOM. Spot rubber rates (₹/kg): RSS-4: 126.50 (127); RSS-5: 121 (123); ISNR 20: 113 (113.50) and Latex (60% drc): 87.50 (88.50).

Published on January 22, 2018

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