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Sunday, May 29, 2022

India: Spot rubber stretches gains

Spot rubber made all-round gains on Monday. RSS 4 improved to ₹96 (₹95) a kg, according to traders. The grade was firm at ₹95(₹94.50) and ₹92 (₹91.50) respectively, according to the Rubber Board and dealers.

March futures improved to ₹98.85 (₹97.39), April to ₹102.25 (₹100.40) and May to ₹104.65 (₹102.72) on the National Multi Commodity Exchange. RSS 3 weakened at its February futures closed at ¥139.4 (₹84.45) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 96 (95); RSS-5: 93 (92); Ungraded: 88 (87) ISNR 20: 88.50 (87.50) and Latex (60% drc): 76 (76).

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