Kottayam: Physical rubber prices slipped on Nov 13 due to decline in the global rubber futures and moderate selling from dealers and growers. RSS 4 declined to Rs 82.50 from Rs 84 a kg as major manufacturers kept their quotes even below at Rs 82 a kg during the session.Rubber futures on the Tokyo Commodity Exchange remained lower with the decline in oil and precious metals futures. The futures were weighed down by heavy long liquidation at the opening.
Further, the sentiments continued to be bearish and the most distant April contract went below ¥170 during the early trades, but recovered later towards the morning close, attracting fresh buying and short covering at lower levels. But selling became dominant again during the afternoon. The November contract for RSS 3 nosedived to ¥162 (Rs 82.47) from ¥172.6, December to ¥161 (172.4), January to ¥164.9 (174.5), February to ¥166.2 (175.6), March to ¥169 (179) and April to ¥171.3 (181.4) a kg at TOCOM. Meanwhile RSS 3 spot improved to Rs 89.59 (Rs 88.55) a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 82.50 (84); RSS-5: 79.50 (80); ungraded: 75.75 (78); ISNR 20: 80 (81) and latex 60 per cent: 57.50 (58).
Further, the sentiments continued to be bearish and the most distant April contract went below ¥170 during the early trades, but recovered later towards the morning close, attracting fresh buying and short covering at lower levels. But selling became dominant again during the afternoon. The November contract for RSS 3 nosedived to ¥162 (Rs 82.47) from ¥172.6, December to ¥161 (172.4), January to ¥164.9 (174.5), February to ¥166.2 (175.6), March to ¥169 (179) and April to ¥171.3 (181.4) a kg at TOCOM. Meanwhile RSS 3 spot improved to Rs 89.59 (Rs 88.55) a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 82.50 (84); RSS-5: 79.50 (80); ungraded: 75.75 (78); ISNR 20: 80 (81) and latex 60 per cent: 57.50 (58).
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