Rubber on a skid on Nov.15
2017-11-16 15:02:40Editor：AmandaFont Size：Big Medium Small
Spot rubber resumed its downward journey in the absence of quantity buyers on Wednesday. RSS-4 declined to ₹125.50 (126.50) a kg, according to the traders and the Rubber Board. The grade weakened to ₹122.50 (123.50) as reported by the dealers. November futures closed at ₹126.50 (125.71), December at ₹125.15 (125.82), January at ₹126 (126.65) and February at ₹127.23 (129.22) on the NMCE. RSS-3 (spot) dropped to ₹104.38 (105.81) at Bangkok. November futures declined to ₹104.31 (108.54) on the TOCOM. Spot rubber rates (₹/kg): RSS-4: 125.50 (126.50); RSS-5: 122.50 (123.50); ISNR 20: 107.50 (107.50) and Latex (60% drc): 82.50 (82.50).
Reuters
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
