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Thursday, March 23, 2023

India: Spot rubber steady on low activity

Spot rubber closed almost steady on Tuesday. Market activities were in an extremely low as an improvement in the global trendsetters failed to trigger a positive trend in the commodity.

Meanwhile, RSS 5 lost marginally amidst scattered transactions and the trend was partially mixed. Sheet rubber finished unchanged at ₹145 a kg, according to traders and the Rubber Board.

The grade was quoted flat at ₹142 by dealers. July futures dropped to ₹143.70 (₹144.11), August to ₹142.70 (₹143.02), September to ₹140.94 (₹141.06) and October to ₹139.98 (₹140.07) on the National Multi Commodity Exchange RSS 3 (spot) improved to ₹125.95 (₹124.53) at Bangkok. June futures closed at ¥195.8 (₹115.45) on the Tokyo Commodity Exchange Spot rubber rates (₹/kg) were: RSS-4: 145 (145); RSS-5: 140.50 (141); Ungraded: 136 (136); ISNR 20: 132 (132) and Latex 60%: 123 (123).

– The Hindu

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