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Monday, January 24, 2022

India: Spot rubber stays unchanged

Spot rubber closed unchanged on Wednesday. Certain tyre companies were buyers of sheet rubber up to ₹123/kg. RSS 4 finished steady at ₹124, according to traders. The grade improved to ₹123 (₹122) and ₹120 (₹119) respectively as reported by the Rubber Board and dealers. December futures declined to ₹127.10 (₹129.38), January to ₹129.15 (₹131.90) and February to ₹132.25 (₹135.31) on the National Multi Commodity Exchange. RSS 3 (spot) improved to ₹127.74 (₹126.32) at Bangkok. November futures firmed up to ¥206.3 (₹128.32) on the Tokyo Commodity Exchange. Spot rubber (₹/kg): RSS-4: 124(124); RSS-5: 120(120); Ungraded: 110(110); ISNR 20: 110(110) and Latex (60% drc): 74 (74).

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