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Friday, January 21, 2022

India: Mixed trend in spot rubber

Spot rubber showed a mixed mood on Thursday. RSS 4 closed unchanged at ₹136 a kg, according to traders. The grade improved further to ₹134.50 (₹134) and ₹131.50 (₹131) respectively, according to the Rubber Board and dealers.

The volumes continued to be dull. June futures declined to ₹132.49 (₹135.25), July to ₹132.25 (₹135.60), August to ₹131.74 (₹134.63) and September to ₹130.10 (₹133.07) on the National Multi Commodity Exchange. RSS 3 (spot) weakened to ₹101.46 (₹102.35) at Bangkok. June futures dropped to ¥ 153.0 (₹95.88) on the Tokyo Commodity Exchange. Spot rubber rates ₹/ kg follow: RSS-4: 136 (136); RSS-5: 131 (131); Ungraded: 116 (115); ISNR 20: 115 (114.50) and Latex (60% drc): 100 (99).

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