Spot rubber lost further on Wednesday. The absence of buyers from major consuming industries as they were comfortable with their imports continued to keep the commodity under pressure during the day.
Sheet rubber weakened to ₹141 (₹142) a kg, according to traders. The grade slid to ₹141.50 (₹142) and ₹138.50 (₹139) respectively, as given by the Rubber Board and dealers.
August futures surrendered to ₹139.80 (₹141.26) on the National Multi Commodity Exchange. RSS 3 (spot) slipped to ₹119.90 (₹119.96) at Bangkok. July futures closed at ¥189 (₹111.68) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg): RSS-4: 141 (142); RSS-5: 133.50 (134); Ungraded: 129 (130) ISNR 20: 123 (124); and Latex 60%: 107 (108.50). t
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