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Saturday, October 23, 2021

India: Latex skids below Rs 160/kg

KOTTAYAM, AUG. 22:

Spot rubber finished almost steady on Thursday. The market appeared to be in a holiday mood owing to ‘Sree Narayana Guru Jayanthi’. Meanwhile, ISNR 20 and latex lost ground amidst scatted transactions. The volumes were extremely low.

Sheet rubber was quoted steady at Rs 184 a kg both at Kottayam and Kochi, according to traders and the Rubber Board.

September futures improved to Rs 180.48 (Rs 177.51), October to Rs 175.97 (Rs 172.64), November to Rs 172 (Rs 169.38) and December to Rs 172.50 (Rs 169.98) for RSS 4 on the National Multi Commodity Exchange.

RSS 3 (spot) closed firm at Rs 165.76 (Rs 163.69) at Bangkok.

August futures closed at ¥ 256.3 (Rs 168.29) on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg: RSS-4: 184 (184); RSS-5: 182 (182); Ungraded: 173 (173); ISNR 20: 169 (170) and Latex 60 per cent: 159 (161).

Source: THe Hindu

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