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Monday, August 15, 2022

India: Spot rubber flat on lack of buyers (Jan. 29)


Physical rubber prices were almost unchanged on Wednesday.

According to observers, there were no quantity buyers or sellers in most counters and sentiments remained neutral, amidst scattered transactions.

The trend was mixed as ISNR 20 and latex lost further, while overall volumes were extremely low. Sheet rubber closed steady at Rs 145 a kg both at Kottayam and Kochi, according to traders and the Rubber Board. The grade was quoted unchanged at Rs142 by dealers.

February futures improved to Rs145.10 (Rs144.01), March to Rs 147.30 (Rs 146.16), April to Rs 150.45 (Rs 149.10) and May to Rs 152.45 (Rs 152.19) while the June futures remained inactive on the National Multi Commodity Exchange. RSS 3 (spot) inched up to Rs  138.82 (Rs 138.14) at Bangkok. February futures closed at ¥225.9 (Rs 137.39) on the Tokyo Commodity Exchange

Spot rubber rates Rs/kg were RSS-4: 145 (145) RSS-5: 141 (141) Ungraded: 137 (137) ISNR 20: 141 (142) and Latex 60%: 117 (118).

 The Hindu

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