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Tuesday, May 17, 2022

India: Rubber skids on buyer resistance

Spot rubber prices finished weak on Friday. The market lost ground on buyer resistance following the moderate losses in the domestic futures and global trendsetters. RSS 4 declined to ₹124.50 (₹125.50) a kg according to traders and the Rubber Board. The grade dropped to ₹122.50 (₹123.50) according to dealers. August futures weakened to ₹123 (₹124.79), September to ₹123.21 (₹124.54) and October to ₹123 (₹124.41) on the National Multi Commodity Exchange. RSS 3 (spot) dropped to ₹106.02 (₹106.98) at Bangkok. July futures closed at ¥194.1 (₹100.22) on the Tokyo Commodity Exchange. Spot rubber rates ₹/ kg were: RSS-4: 124.50 (125.50); RSS-5: 122 (123); Ungraded: 110 (111); ISNR 20: 111.50 (111.50) and Latex (60% drc): 105 (107).

Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals Price
Current %
change
Season
cumulative
Modal Prev.
Modal
Prev.Yr
%change
Rubber
Jaipur (Grain)(Raj) 235.00 12.71 4176.00 2425 2550
Jaipur(Grain)(Chandpole)(Raj) 22.50 -19.64 1453.20 2425 2400 -25.38
Lakhimpur(UP) 12.00 9.09 797.00 3010 3015 -9.75
Lohardaga(Jha) 4.00 -11.11 330.20 3150 3200
Kuttoor(Ker) 1.30 NC 71.60 12300 13000 -10.87

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