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Sunday, November 28, 2021

India: Spot rubber gains on supply concerns

KOTTAYAM, JULY 11

Spot rubber made all-round gains on Wednesday as supply concerns and widespread rains initiated a visible buying pressure in the market. RSS 4 improved to 128 (127.50) a kg, as reported by the traders and the Rubber Board. The overall volumes were low.

July futures firmed up to 129.45 (128.76) and August to 129.68 (129.42) on the National Multi Commodity Exchange (NMCE). RSS 3 (spot) inched up to 104.05 (103.89)at Bangkok. Its July futures slid to 102.04 (102.73) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg) were: RSS-4: 128 (127.50); RSS-5: 125.50 (125); ISNR 20: 127 (125.50) and Latex (60% drc): 82.50 (82.50).

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