Commodities

Rubber skids on buyer resistance

Our Correspondent Kottayam | Updated on January 22, 2018 Published on December 14, 2015




Spot rubber declined on Monday as the commodity continued to remain under pressure on buyer resistance tracking the overall weakness in global trendsetters. RSS 4 surrendered to ₹101.50 (₹102.50) a kg, according to traders and the Rubber Board. The grade dropped to ₹98.50 (₹99.50) as quoted by the dealers. December futures improved to ₹101.95 (₹100.27) while the January futures weakened to ₹101.40 (₹101.80), February to ₹101.76 (₹102.18) on the National Multi Commodity Exchange. RSS 3 (spot) slid to ₹85.91 (₹86.33) at Bangkok. December futures closed at ¥154.8 (₹85.85) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 101.50 (102.50); RSS-5: 99 (100); Ungraded: 90 (91); ISNR 20: 83 (84) and Latex (60% drc): 76.50 (77).

Published on December 14, 2015
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