Commodities

Downfall in spot rubber resumes

Our Correspondent Kottayam | Updated on November 21, 2018 Published on November 21, 2018

Spot rubber prices continued to fall on Wednesday. RSS 4 declined to ₹119 (120) per kg, according to traders and the Rubber Board. There were no buyers in the market during late trading hours even at the low levels. The trend was partially mixed. RSS 4 weakened at its December futures to ₹117.71 (119.40) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) dropped to ₹95.66 (96.90) per kg at Bangkok. However, its November futures improved to ₹83.98 (83.96) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg) were: RSS-4: 119 (120); RSS-5: 114 (114.50); ISNR 20: 108.50 (109) and Latex (60% drc): 83.50 (83.50).

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Published on November 21, 2018
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