Buyer resistance saps rubber

Our Correspondent Kottayam | Updated on July 09, 2014

Spot rubber prices ruled weak on Wednesday. The market lost further on buyer resistance though there was no visible selling from dealers or growers in the local trading houses. Sheet rubber declined to ₹142.50 (₹143) a kg, according to traders and the Rubber Board. The grade dropped to ₹139.50 (₹140) as quoted by the dealers.

July futures closed at ₹142.66 (₹141.98), August at ₹142 (₹142.06) on the National Multi Commodity Exchange.RSS 3 (spot) slid to ₹119.41 (₹119.72) at Bangkok. July futures closed at ¥191.3 (₹112.50) on the Tokyo Commodity Exchange.

Spot rubber rates (₹/kg): RSS-4: 142.50 (143); RSS-5: 135 (136); Ungraded: 132 (132); ISNR 20: 125 (126) and Latex 60%: 112.50 (113.50).

Published on July 09, 2014

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