Rubber rules flat on slack buying

Spot rubber prices ruled unchanged on Monday. The market remained neutral in the absence of genuine buyers, while it managed to sustain at the prevailing levels on supply concerns. Volumes were extremely low. Sheet rubber closed steady at ₹140 a kg, according to traders. The grade weakened to ₹140 (141) and ₹137 (138) respectively, as reported by the Rubber Board and dealers. August futures declined to ₹139.85 (141.11), September to ₹137.70 (139.14) and October to ₹137.40 (138.38) a kg for RSS 4 on the National Multi Commodity Exchange. RSS 3 (spot) slipped to ₹122.26 (122.99) a kg at Bangkok. Spot rates (₹/kg): RSS-4: 140 (140); RSS-5: 134 (134); Ungraded: 128 (128); ISNR 20: 121.50 (121.50) and Latex 60%: 105 (105).