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Spot rubber skids further

Spot rubber skids further

APRIL 16 2018

 

Spot rubber lost further on Monday. RSS-4 weakened to 119 (120) a kg, according to traders and the Rubber Board. The grade dropped to 115 (116) as reported by the dealers. The trend was mixed and volume low. The May futures slid to 119.25 (120.21), June to 121.69 (122.31) and July to 122.51 (123.21) on the National Multi-Commodity Exchange (NMCE). RSS-3 declined its April futures to 104.25 (105.94) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg): RSS-4: 119 (120); RSS-5: 117 (117); ISNR 20: 106.50 (107.50) and Latex (60% drc): 82.50 (82.50).

 

Source:https://www.thehindubusinessline.com

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