Comments
Spot rubber resumed its downward journey on Thursday. The market declined on buyer resistance, though there was no visible selling by dealers or growers.
According to observers, the local trading houses are suffering from acute short supplies but the wide gap with the international prices continued to put further pressure on the commodity.
Sheet rubber weakened to ₹144.50 (₹145) a kg, according to traders and the Rubber Board. The grade slipped to ₹141.50 (₹142), as quoted by the dealers. June futures declined to ₹142.65 (₹143.94), July to ₹141.90 (₹143.29), August to ₹138.48 (₹140.59), September to ₹138 (₹139.16) and October to ₹137.25 (₹140.83) while the rubber mini June futures dropped to ₹142 (₹143.94) on the National Multi Commodity Exchange. RSS 3 (spot) improved to ₹ 119.61 (₹119.06) at Bangkok. June futures closed at ¥183 (₹105.89) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg) were: RSS-4: 144.50 (145); RSS-5: 140 (142); Ungraded: 135 (137); ISNR 20: 132 (134) and latex 60%: 120 (120).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.