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Monday, January 24, 2022

India: Mixed trend in rubber

Spot rubber showed a mixed trend on Wednesday. RSS 4 slipped to ₹130 (₹130.50) a kg, according to traders. The grade declined further to ₹131 (₹132) and ₹128 (₹129) respectively, according to the Rubber Board and dealers.

June futures improved to ₹130.40 (₹130), while the July futures weakened to ₹125.85 (₹127.11), August to ₹125.64 (₹127.05) and September to ₹124.35 (₹125.42) on the National Multi Commodity Exchange. RSS 3 (spot) inched up to ₹98.89 (₹98.67) at Bangkok. June futures improved to ¥151.8 (₹95.90) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130 (130.50); RSS-5: 128 (128); Ungraded: 109 (109); ISNR 20: 114 (115) and Latex (60% drc): 100 (100).

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