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Tuesday, January 25, 2022

India: Spot rubber ends stronger

KOTTAYAM, FEB 15:

Spot rubber finished firm on Saturday. The market opened steady but covering buyers lifted the prices to the higher side as there were no quantity sellers in the market. The sentiments were also catalysed by the moderate gains on NMCE. The trend was mixed and volume low.

Sheet rubber was quoted at Rs. 152.00 (150.00) per kg by traders. The grade improved to Rs. 151.00 (149.00) and Rs. 148.00 (146.00) per kg respectively according to Rubber Board and dealers.     

In futures, the February contracts increased to Rs. 151.25 (149.86), March to Rs. 154.40 (152.82), April toRs. 158.25 (157.06), May to Rs. 160.20 (159.80) and  June to  Rs. 162.90 (161.00) per kg for RSS 4 on National Multi Commodity Exchange (NMCE).                                 

The spot rubber rates per kg follow:  

RSS-4:         152.00 (150.00)

RSS-5:         149.00 (148.00)

Ungraded:   144.00 (144.00)

ISNR 20:      145.00 (145.00)

and

Latex 60%:   119.50 (119.50)

The Hindu

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