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Saturday, August 13, 2022

Spot rubber skids on weak global cues


Physical rubber prices declined on Tuesday. The market opened weak but regained the initial losses partially in tune with the late gains on the National Multi Commodity Exchange.

Sheet rubber dropped to Rs 156.50 (157) a kg both at Kottayam and Kochi, according to traders and the Rubber board. The trend was mixed.

In futures, the March series improved marginally to Rs 157.89 (157.10), April to Rs 162.45 (161.28) May to Rs 166 (164.52) and June to Rs 168.80 (167.29) a kg on the NMCE.

RSS 3 (spot) surrendered to Rs 162.94 (166.77) a kg at Bangkok. The March futures declined to ¥272.5 (Rs 160.44) from ¥281.3 a kg during the day session and then to ¥271.8 (Rs 160.02) a kg in the night session on Tokyo Commodity Exchange (Tocom).

Spot rubber rates (Rs/kg) were: RSS-4: 156.50 (157); RSS-5: 151.50 (152); Ungraded: 146.50 (147); ISNR 20: 152 (152) and Latex 60 per cent: 99 (99).

Source: Business Line

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