Spot rubber skids on buyer resistance on Oct.25
2018-10-26 9:25:15Editor：AmandaFont Size：Big Medium Small
Spot rubber finished weak on Thursday. RSS 4 slid to ₹127.50 (128) a kg, according to traders and the Rubber Board. The market was under pressure on buyer resistance and it lost further amidst extremely low volumes. RSS 3 (spot) declined to ₹104.17 (105.98) at Bangkok. Its October futures closed unchanged at ₹94.30 on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg) were: RSS-4: 127.50 (128); RSS-5: 123 (123.50); ISNR 20: 115 (115) and Latex (60% drc): 94.50 (95).
Hindu Business
- 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
