Kottayam: Rubber prices in the domestic market have further declined on Nov 19 as the major consuming industries kept their quotes much lower than Tuesday's closing levels. They withdrew from the market during the afternoon session as trend setting global indices finished in red. RSS 4 slipped sharply to Rs 70 from Rs 75.5 a kg while more and more growers and dealers joined the seller's row.
Furthermore, rubber futures on the Tokyo Commodity Exchange came down sharply into red territory on Nov 19 afternoon. The futures were mixed at the opening but sellers dominated the market from late morning to afternoon. The December futures was the only gainer on early trades, but the contract also slipped into negative zone in the afternoon.
RSS 3 declined further at its November contract to Yen149 (Rs 76.77) from Yen 156.2, December to Yen 147.5 (157.3), January to Yen 149.6 (161.5), February to Yen 151.5 (164.9), March to Yen 155.4 (166.6) and April to Yen 157.4 (168.5) a kg at TOCOM. But it (spot) firmed up marginally to Rs 88.81 (88.62) a kg at Bangkok.
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