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India: Spot rubber closes unchanged

Spot rubber closed unchanged on Monday. RSS 4 continued to rule steady at 125 a kg, consecutively for the eighth day, as reported by the traders and the Rubber Board. According to observers there were no fresh enquiries from the tyre sector and they seemed to be comfortable with the imports.

February futures improved to 127.03 (126.24) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) firmed up to 117.10 (115.13) at Bangkok. January futures flared up to 130.76 (126.78) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg) were: RSS-4: 125 (125); RSS-5: 120.50 (120.50); ISNR 20: 117 (117) and Latex (60% drc): 87 (87).

Published on January 21, 2019

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