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Wednesday, May 18, 2022

India: Spot rubber ends firm

KOTTAYAM, MAY 9

Spot rubber finished firm on Wednesday. RSS 4 improved to 121.50 (121) a kg, according to traders and the Rubber Board while the remaining counters finished unchanged amidst extremely low volumes. In futures, the May contracts concluded at 121.81 (121.65), June to 125.85 (125.79) and July to 128.20 (128.24) on the National Multi Commodity Exchange (NMCE).

RSS 3 (spot) slid to 117.71 (117.84)at Bangkok. May futures weakened to 109.60 (110.23) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg) were: RSS-4: 121.50 (121); RSS-5: 119 (119); ISNR 20: 115 (115) and Latex (60% drc): 85.50 (85.50).

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