India: Spot rubber ends unchanged

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Spot rubber closed unchanged on Friday. 4 finished flat at ₹126.50 per kg according to . The grade improved to ₹126.00 (125.50) and ₹122.00 (121.50) per kg respectively according to the Rubber Board and Dealers. The trend was partially mixed as 5 firmed up marginally on enquiries from the non- sector. The overall volumes were not impressive.

A positive change in weather as rains subsided is likely to initiate in most of the plantation areas. The market is slowly moving in to the peak production season and a consecutive improvement in arrivals may put further pressure on the prices in the months ahead. On the other hand, decline in domestic and global rubber production are expected to support prices during the season.

The November firmed up to ₹128.10 (127.32) and December to ₹129.09 (128.42) while the January slid to ₹130.28 (130.35) per kg on the Indian Exchange (ICEX).

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RSS 3 (spot) improved to ₹106.42 (106.02) per kg at . The November futures dropped to ₹103.52 (103.59), December to ₹106.06 (106.22) and January to ₹108.47 (109.07) per kg on the Commodity Exchange ().

Spot rubber rates (Rs/kg) were: RSS-4: 126.50 (126.50) ; RSS-5: 124.00 (123.50) ; ISNR 20: 115.00 (115.00) ; and Latex (60% drc): 92.50 (92.50)

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