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India: Weak global cues drag rubber

25/09/2015 By huong.nt

KOTTAYAM, SEPTEMBER 24:

Spot rubber continued to remain neutral on Thursday. Declines in the global trendsetters kept it under pressure during closing hours but the prices managed to sustain at the prevailinglevels following a moderate recovery in domestic futures. RSS 4 closed unchanged at ₹112 a kg, according to traders and the Rubber Board. The grade was quoted steady at ₹109 (109.50) by the dealers. October futures improved to ₹114.11 (112.65), November to ₹113.51 (111.98), December to ₹114.15 (112.41) on the National Multi Commodity Exchange. RSS 3 (spot) declined to ₹87.42 (89.40) at Bangkok. September futures recovered partially to ¥ 155.6 (₹86.15) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 112 (112); RSS-5: 109 (109); Ungraded: 99 (99); ISNR 20: 99.50 (99.50) and Latex (60% drc): 82.50 (82.50).

Filed Under: Global rubber market news, News

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