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Tuesday, May 24, 2022

India: Spot rubber rules flat


Spot rubber continued to remain unchanged on Monday.

An almost similar trend in domestic futures and the absence of global guidance kept the sentiments neutral in the local market. Volumes were thin.

Sheet rubber finished flat at Rs 161 a kg, according to traders. The grade was quoted steady at Rs 160 a kg both at Kottayam and Kochi, according to Rubber Board.

In futures, the May series weakened to Rs 160.25 (160.44), June to Rs 159.95 (160.41) and July to Rs 157.79 (158.18) while the August series increased marginally to Rs 156.80 (156.10) a kg on the National Multi Commodity Exchange (NMCE).

RSS 3 (spot) improved to Rs 157.03 (156.52) a kg at Bangkok.

The Tokyo Commodity Exchange (TOCOM) remained closed on account of ‘Showa Day’.

Spot rubber rates (Rs/kg): RSS-4: 161 (161); RSS-5: 156 (156); Ungraded: 152 (152); ISNR 20: 150 (150) and Latex 60 per cent: 102 (102).

Source: Business Line

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