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Friday, October 22, 2021

India: Spot rubber continues to rule firm

Spot rubber continued to rule firm on Thursday. RSS 4 was quoted marginally higher at 125 (124.50) a kg, by traders and the Rubber Board. According to observers, the market improved tracking the moderate gains in global trendsetter. March futures firmed up to 127.30 (127.01) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) improved to 118.36 (116.85) at Bangkok. February futures flared up to 127.34 (124.24) per kg on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg): RSS-4: 125 (124.50); RSS-5: 119 (118); ISNR 20: 117.50 (117) and Latex (60% drc): 83 (82.50).

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