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Friday, May 20, 2022

India: Spot rubber up further

Spot rubber firmed up further on Thursday. RSS 4 improved to ₹95 (₹93) a kg, according to traders. The grade finished firm at ₹94 (₹93) and ₹91 (₹90) respectively, according to the Rubber Board and dealers. March futures improved to ₹98.06 (96.89), April to ₹101.10 (99.82), May to ₹102.90 (101.51) on the National Multi Commodity Exchange. RSS 3 (spot) slid to ₹87.55 (₹87.72) at Bangkok.

February futures closed at ¥141(₹84.84) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 95 (93); RSS-5: 91(90); Ungraded: 87 (85); ISNR 20: 87.50 (87) and Latex (60% drc): 77(77).

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