Spot rubber ends lower

Our Correspondent Mumbai | Updated on January 15, 2018

Spot rubber finished lower on Tuesday. The market fell on buyer resistance following the sharp declines in global markets. RSS 4 weakened to ₹146 (₹147.50) a kg according to traders. The grade moved down to ₹146.50 (₹147) and ₹143.50 (₹144) respectively according to the Rubber Board and the dealers. The April contracts slid to Rs.142.25 (142.29), May to Rs. 149.15 (149.80) and June to Rs.152.45 (152.75)per kg on National Multi Commodity Exchange (NMCE). RSS 3 (spot) dropped to ₹147.28 (₹148.76) at Bangkok. April futures surrendered to ₹159.03 (₹169.78) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 146 (147.50); RSS-5: 141 (143); Ungraded: 128 (130); ISNR 20: 128 (129)and Latex (60% drc): 93.50 (93.50).

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on April 11, 2017
This article is closed for comments.
Please Email the Editor