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Monday, January 24, 2022

India: Rubber gains further on supply concerns

KOTTAYAM, JUNE 11:

Spot rubber made further gains on Tuesday. Supply concerns due to widespread monsoon rains continued to keep sheet rubber firm in the local scene.

The grade improved to Rs 174 from Rs 173.50 and Rs 173 a kg respectively, according to traders and the Rubber Board. Meanwhile, ungraded rubber lost marginally on low demand. The trend was partially mixed.

RSS 4 improved at its June futures to Rs 175.60 (174.97), July to Rs 172.36 (171.02), August to Rs 169.40 (167.73), September to Rs 167.59 (165.07) and October to Rs 165.96 (164.07) on the National Multi Commodity Exchange. RSS 3 (spot) flared up to Rs 166.01 (162.30)at Bangkok.

Spot rubber rates (Rs/kg): RSS-4: 174 (173.50); RSS-5: 169 (168); Ungraded: 159 (159.50); ISNR 20: 160 (160) and Latex 60 per cent: 110.50 (109.50).

Source: Business Line

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