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Wednesday, July 6, 2022

India: Spot rubber regains strength

KOTTAYAM, DECEMBER 3

India: Spot rubber regains strengthSpot rubber regained strength on covering purchases at lower levels on Monday. RSS 4 improved to 119.50 (119) a kg, according to traders and the Rubber Board. The trend was mixed as latex continued to remain flat and almost inactive during the day.December futures firmed up to 122.65 (122.10) on the Indian Commodity Exchange (ICEX).

RSS 3 (spot) improved to 94.62 (94.13) at Bangkok. Its December futures flared up to 87.40 (85.51) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg) were: RSS-4: 119.50 (119); RSS-5: 117 (116); ISNR 20: 108.50 (107) and Latex (60% drc): 81.50 (81.50).

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