Spot rubber rules weak

Spot rubber ruled weak on Monday. According to observers, the absence of genuine and quantity buyers continued to keep it under pressure during the day. Sheet rubber closed steady at ₹144 a kg, according to traders. The grade was flat at ₹144.50 and ₹141.50 respectively, as quoted by the Rubber Board and dealers. July futures improved to ₹144.60 (₹143.61), August to ₹144.95(₹143.37) on the NMCE. RSS 3 (spot) declined to ₹126.10 (₹127.68) at Bangkok. July futures closed at ¥199.3 (₹118.26) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 144 (144); RSS-5: 138 (139); Ungraded: 134 (135); ISNR 20: 130 (131) and Latex 60%: 120 (121).