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Tuesday, May 17, 2022

India: Rubber firms up on global cues

KOTTAYAM, MAY 10

Spot rubber continued to rule firm on Thursday on rumours that the global indices will regain strength shortly. RSS-4 improved to 122 (121.50) a kg, according to traders and the Rubber Board.

In futures, the May series improved to 122.65 (121.89), June to 126.84 (125.86), July to 129.24 (128.14) and August to 129.49 (129.42)on the National Multi Commodity Exchange (NMCE). RSS-3 (spot) firmed up to 118.71 (117.71) at Bangkok. May futures slid to 109.50 (109.60) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg): RSS-4: 122 (121.50); RSS-5: 119.50 (119); ISNR 20: 115.50 (115) and Latex (60% drc): 85.50 (85.50).

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