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Tuesday, November 30, 2021

India: Partial recovery for spot rubber

KOTTAYAM, AUGUST 28

Spot rubber improved partially on Tuesday. RSS 4 firmed up to ₹134.50 (134) a kg, according to traders and the Rubber Board. The market regained strength on suply concerns while the trend was mixed as ISNR 20 and Latex finished flat amidst dull volumes.

RSS 4 weakened at its September futures to ₹134.11 (134.38)on the National Multi Commodity Exchange (NMCE). RSS 3 (spot) slid to ₹105.56 (105.91) at Bangkok. Its September futures dropped to ₹100.10 (102.12) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg) were: RSS-4: 134.50 (134); RSS-5: 132.50 (132); ISNR 20: 132 (132) and Latex (60% drc): 109 (109).

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