Rubber in bear grip

Updated - January 09, 2018 at 03:38 AM.

Rubber sheets sit in a pile at the Thai Hua Rubber Pcl factory in Samnuktong, Rayong province, Thailand, on Tuesday, Oct. 27, 2015. Global demand for natural rubber, used mostly in tires, is slowing as the economy cools in China, the world's largest buyer of new cars. Photographer: Dario Pignatelli/Bloomberg

Spot rubber ruled flat following a weak closing in the domestic futures on Tuesday. RSS-4 finished flat at ₹126.50 a kg, according to traders and the Rubber Board. The grade was quoted steady at ₹123.50 a kg by dealers.

November futures slid to ₹126 (126.45), December to ₹126.15 (126.57), January to ₹127.28 (128.30) and February to ₹129 (129.58) a kg on the NMCE.

RSS-3 (spot) firmed up to ₹105.81 (105.50) a kg at Bangkok. November futures dropped to ₹108.54 (109.14) on the TOCOM.

Spot rubber rates (₹/kg): RSS-4: 126.50 (126.50); RSS-5: 123.50 (123.50); ISNR 20: 107.50 (107.50) and Latex (60% drc): 82.50 (82.50)

Published on November 14, 2017 16:31