Rubber trade swings, trend blamed on price volatility and supply worries

Rubber futures for delivery in December on the Indian Commodity Exchange (ICEX) hit the upper and lower circuits on Monday due to price volatility on demand and supply concerns in Indian markets.

Rubber contract for delivery in December opened Rs 11,850 a kg, touched a high of Rs 12172 a kg and a low of Rs 11850 a kg before settling at Rs 12,047 a kg at the end of the day.

Spot rubber closed unchanged since last trade. The benchmark variety RSS 4 was quoted at a steady Rs.118.00 (118.00) a kg at Kottaym & Kochi, according to Rubber Board