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Thursday, May 26, 2022

India: Spot rubber steady on supply concerns


Physical rubber prices were firm on Monday.

The market is reported to be moving in tandem with the overall gains in domestic futures. Supply concerns continued to keep the buyers on their toes once the market started to recover from the recent lows.

Sheet rubber increased to Rs 166.00 a kg both at Kottayam and Kochi from Rs 164.50 and Rs 164.00 a kg respectively, according to traders and the Rubber Board.

RSS 4 improved further at its May contracts to Rs 167.50 (Rs 166.94), June to Rs 167.51 (Rs 167.21), July to Rs 165.60 (Rs 165.11), August to Rs 163.00 (Rs 162.95) and September to Rs 160.80 (Rs 158.43)a kg on the National Multi Commodity Exchange. The Tokyo Commodity Exchange remained closed on account of ‘substitute Holiday for Children’s Day’.

Spot rubber rates Rs/kg were: RSS-4: 166.00 (164.50); RSS-5: 162.00 (161); Ungraded: 157.00 (155); ISNR 20: 156.00 (155); and Latex 60%: 104.50 (103.50).

Source: Hindu Business Line

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