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Monday, May 23, 2022

India: Rubber continues to rule firm

Spot rubber continued to rule firm on Wednesday. RSS 4 improved to ₹93 (₹92) a kg, according to traders and the Rubber Board. The grade was quoted at ₹90 (₹89) by dealers.

The trend was mixed. March contracts firmed up to ₹97 (₹95.92) April to ₹99.90 (₹98.77) and May to ₹101.40 (₹100.23) on the National Multi Commodity Exchange. RSS 3 (spot) inched up to ₹87.72 (₹87.54) at Bangkok.

February futures closed at ¥142.3 (₹85.30) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 93 (92); RSS-5: 90 (89); Ungraded: 85 (85); ISNR 20: 87 (85) and Latex (60% drc): 77 (78).

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