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Wednesday, July 6, 2022

India: Mixed trend in rubber

Spot rubber strengthened on Tuesday. RSS 4 closed firm at ₹125 (124) per kg, according to traders. The grade improved to ₹122 (121.50) and ₹125 (124.50) respectively as quoted by the dealers and the Rubber Board.

The trend was mixed while the volumes continued to be low. August futures improved to ₹126.04 (124.57) and September to ₹125.90 (124.87) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up ₹107.03 (106.82) at Bangkok. July futures improved to ¥203.5 (₹104.01) on the Tokyo Commodity Exchange.

Spot rubber rates (₹/kg): RSS-4: 125 (124); RSS-5: 123 (122); Ungraded: 110.50 (110); ISNR 20: 112 (112) and Latex 60%: 109 (109).

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