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Thursday, August 11, 2022

India: Spot rubber rules steady


Spot rubber prices were steady in most counters as trading activities were extremely low on Friday. According to observers, sentiments were ridden by the lack of genuine buyers in local markets and sustained weakness in the domestic and international futures.

The undercurrent was still bearish and trend mixed, as ISNR 20 and latex lost marginally amidst dull volumes.

Sheet rubber closed unchanged at Rs 158.50 a kg. The grade moved down to Rs 159 (159.50) and Rs 156 (156.50) according to the Rubber Board and dealers. November futures slipped to Rs 159.60 (159.86), December to Rs 160.73 (160.84) and January to Rs 162.46 (162.67)/kg, while the February and March futures were totally inactive on the National Multi Commodity Exchange. RSS 3 (spot) weakened to Rs 154.74 (155.04) at Bangkok.

Spot rubber rates Rs/kg were: RSS-4: 158.50 (158.50); RSS-5: 151 (151); Ungraded: 147 (147); ISNR 20: 150.50 (151) and Latex 60%: 114.50 (116.50).

Source: The Hindu

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