Commodities

Rubber skids on bearish cues

Our Correspondent Kottayam | Updated on January 20, 2018 Published on May 23, 2016

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Spot rubber prices declined on Monday due to weak domestic and global futures. On the spot, RSS 4 weakened to ₹127 (128) a kg, according to traders and the Rubber Board. The grade dropped to ₹124 (125) as quoted by the dealers. June futures declined to ₹123.20 (126.30), July to ₹123.15 (126.41), August to ₹123.40 (126.40) and September to ₹123 (125) on the National Multi Commodity Exchange. RSS 3 (spot) weakened to ₹111.95 (115.22) a kg at Bangkok. May futures recovered partially to ¥151.5 (₹93.48) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 127 (128); RSS-5: 123 (126); Ungraded: 105 (106); ISNR 20: 112 (115) and Latex (60% drc): 99 (100).

Published on May 23, 2016
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