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Monday, September 25, 2023

Latex stretches gains on fresh enquiries


 Spot rubber closed unchanged consecutively for the fourth day on Friday. An almost similar trend in domestic futures and the absence of active traders kept the sentiments almost neutral during the session.

Sheet rubber finished flat at Rs 175.50 a kg at Kottayam and Kochi, according to traders and the Rubber Board. Latex improved further on fresh enquiries while the overall volumes were low.

The July futures slipped to Rs 172.19 (172.52), August to Rs 168.20 (268.59), September to Rs 165.20 (165.65), October to Rs 161.94 (162.59) and November to Rs 163.25 (164.85) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) improved to Rs 165.83 (164.95) a kg at Bangkok. The June futures firmed up to ¥ 232 (Rs 140.68) from ¥ 229 during the day session but then remained steady during the night session 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: 121.50 (120).

Source: Business Line

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