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Saturday, June 3, 2023

India: Spot rubber firm up further

Spot rubber firmed up further on Monday. RSS 4 improved to 129 (128.50) and 128.50 (128) per kg respectively, according to traders and the Rubber Board. The trend continued to remain mixed as latex closed unchanged on dull demand.

April futures inched up to 132.27 (131.81) per kg on the Indian Commodity Exchange (ICEX). RSS 3 (spot) dropped to 122.17 (122.99) per kg at Bangkok. March futures slid to 108.13 (108.92) per kg on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (/kg) : RSS-4: 129 (128.50); RSS-5: 125 (124.50); ISNR 20: 124 (123) and Latex (60% drc): 82.50 (82.50).

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