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Friday, July 1, 2022

India: Spot rubber prices rule unchanged

KOTTAYAM, MARCH 18:

Physical rubber prices continued to rule unchanged on Tuesday.

According to observers, there were no genuine sellers or buyers in the market and most traders seemed to be waiting for the procurement process to gather momentum. Volumes were extremely dull.

Sheet rubber finished flat at ₹149.50 a kg, according to traders.

The grade was quoted at ₹149 and ₹146 respectively, by the Rubber Board and dealers. April futures declined to ₹150.90 (₹153.01) May to ₹153.80 (₹155.99), June to ₹155.70 (₹159.07), July to ₹153.60 (₹157.64) and August to ₹155 (159.50) on the National Multi Commodity Exchange.

RSS 3 (spot) weakened to ₹141.72 (143.28) at Bangkok.

March futures closed at ¥242.2 (₹145.99) on the Tokyo Commodity Exchange.

Spot rubber rates (₹/kg): RSS-4: 149.50 (149.50); RSS-5: 146 (146); Ungraded: 143.50 (143.50); ISNR 20: 143 (143); and Latex 60%: 111 (111).

The Hindu

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