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Friday, March 31, 2023

India:Spot rubber prices rise with global cues

Spot rubber strengthened on Monday. Moderate gains in domestic and international markets led by firm oil prices helped the domestic market to end higher on covering purchases at lower levels. The trend was partially mixed as latex remained unchanged on low demand.

Sheet rubber improved to ₹148 (₹146) a kg, according to traders. The grade firmed up ₹147 (₹146) and ₹144 (₹143) respectively

as reported by the Rubber Board and dealers. July futures stretched the gains to ₹149 (₹146.66), August to ₹148.15 (₹145.61), September to ₹146.88 (₹144.61) and October to ₹145.75

(₹142.59) on the National Multi Commodity Exchange. RSS 3 (spot) was firm at ₹129.31 (₹127.99) at Bangkok. June futures closed at ¥199.1 (₹117.68) on the Tokyo Commodity Exchange.

Spot rubber rates (₹/kg) were: RSS-4: 148 (146); RSS-5: 143 (141); Ungraded: 138 (137); ISNR 20: 132.50 (132) and Latex 60%: 122 (122).

– The Hindu

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