Indian rubber market declines due to buyer resistance

rubber

Spot rubber prices continued to rule weak on Monday. The market opened on a steady note but lost the initial strength on buyer resistance though there was no selling pressure.

While the most active counters RSS 4 and RSS 5 slipped during late trading hours, ISNR-20 and latex finished unchanged on supply concerns. Overall volumes were low.

Sheet rubber declined to 139(140) a kg, according to traders. The grade dropped to 140(141) and 137(138) respectively, according to the Rubber Board and dealers.