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Sunday, March 26, 2023

India: Spot rubber price improves

Spot rubber improved quoting RSS 4 at  127.00 (126.00) per kg according to traders on Monday. The grade firmed up to 126.50 (125.50) per kg as reported by the Rubber Board. The domestic supply concerns and the gains in global markets kept the Commodity firm during the day.

The March futures weakened to 128.20 (130.21) per kg on the Indian Commodity Exchange (ICEX).

RSS 3 (spot) firmed up to 119.67 (117.62) per kg at Bangkok.

The March futures bounced back to 124.30 (120.71) per kg on the Tokyo Commodity Exchange (TOCOM).

Spot rubber rates (/kg) were:

RSS-4: 127.00 (126.00)

RSS-5: 121.50 (120.50)

ISNR 20: 119.50 (118.00)

and

Latex (60% drc): 83.50 (83.00)

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