Spot rubber turned weak tracking the declines in the global indices on Friday. The markets fell after Thailand's decision to sell rubber from the state stockpiles to ease shortages following flash floods that hit the country’s main production region. RSS 4 dropped to 149.50 (151.00) per kg according to traders. The grade slid to 150.00 (150.50) and 147.00 (147.50) per kg respectively according to Rubber Board and dealers.

The trend continued to be mixed and volumes low. The February futures weakened to 149.11 (150.43), March to 155.05 (156.58), April to 161.47 (163.48) and May to 164.99 (168.02) per kg on National Multi Commodity Exchange (NMCE). RSS 3 (spot) declined to 179.49 (183.18) a kg at Bangkok.

Source: Businessline.com