India: No buyers for rubber

Related Post

Indian equity benchmarks seen opening higher tracking regional peers

December 23, 2024

Japan’s Nikkei gains on Wall Street’s lead; autos, tech shine

December 23, 2024

Indian equity benchmarks snap 4-week rising streak

December 23, 2024

Bridgestone Win Prestigious Prince Michael International Road Safety Award

December 22, 2024

Spot rubber continued to seek further lows on Tuesday. According to market circles, there were no buyers on sheet rubber during late trading hours even at lower levels. Meanwhile, latex – the only gainer of the day – finished marginally higher on acute short supplies. RSS 4 weakened to ₹97 (98) a kg, according to traders. The grade dropped to ₹98 (98.50) and ₹95 (95.50) respectively, according to the Rubber Board and the dealers. January futures improved to ₹99 (97.39), February to ₹99.34 (98.08) and March to ₹100 (98.68) on the National Multi Commodity Exchange. RSS 3 (spot) closed unchanged at ₹76.72 at Bangkok. January futures closed at ¥135 (₹76.63) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 97(98); RSS-5: 93 (95); Ungraded: 85(88); ISNR 20: 84.50 (85) and Latex (60% drc): 79 (77.50).