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Tuesday, January 25, 2022

India: Spot rubber rules flat


Spot rubber continued to remain unchanged on Thursday despite another weak closing on the National Multi Commodity Exchange.

The domestic stock and commodity markets were trading in red but the local prices managed to sustain at the prevailing levels on supply concerns.

Sheet rubber closed steady at Rs 175.50 a kg, according to traders and the Rubber Board. Meanwhile, latex expanded the gains riding on weak supplies and sustained demand. The trend was partially mixed.

July futures weakened to Rs 172.45 (Rs 172.98), August to Rs 168.36 (Rs 169.40), September to Rs 165.50 (Rs 166.47), and October to Rs 162.62 (Rs 165.58) on the NMCE.

RSS 3 (spot) inched up to Rs. 164.95 (Rs 164.87) at Bangkok. June futures dropped to ¥ 231 (Rs 141.25) on the Tokyo Commodity Exchange.

Spot rubber rates RS/kg : RSS-4: 175.50 (175.50); RSS-5: 170.50 (170.50); Ungraded: 160.50 (160.50); ISNR 20: 162 (162) and Latex 60 per cent: 120 (119).

Source: Business Line

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