India Rubber: Up on ICEX on bargain buying but TOCOM cues cap rise

0
49
Back

: Up on ICEX on bargain buying but TOCOM cues cap rise

Friday, Mar 27

 

By Rahul Dhuri

MUMBAI – Rubber contracts on the Indian Commodity Exchange ended a tad higher today due to bargain buying after a sharp fall in recently, traders said. The most active April contract on the domestic bourse ended at 11,865 rupees per 100 kg, up 0.3% from the previous close.

Article continues below Advertisement...

However, a fall in benchmark rubber contract on the capped the gains on the domestic bourse, said Biju Thomas, a rubber trader based in Kerala. On TOCOM, rubber ended in the red due to concerns over demand in view of the spread of coronavirus. Globally, 500,000 cases of infections, and over 20,000 deaths have been reported so far due to COVID-19.

The most active August natural rubber contract on the Japanese bourse ended 1.3% lower at 149.6 yen (about 103.03 rupees) per kg. 

The price of the RSS-3 variety in rose by 68 cents to $138.70 per 100 kg, data from Rubber Board showed. In , the price of the SMR-20 variety was down $1.10 at $111.75 per 100 kg.

The overall sentiment in the remains as trade in spot of Kerala has been hit as the country is under a lockdown till Apr 14 due to the rapid spread of coronavirus. In India, over 700 cases of the infections have been reported with 17 deaths, ministry data showed.  End

 

US$1 = 74.86 rupees

 

Edited by Avishek Dutta
 

Cogencis Tel +91 (22) 6619-0000
Send comments to feedback@cogencis.com

This copy was first published on the Cogencis WorkStation

© Cogencis Information Ltd. 2020. All rights reserved.

Source: Cogencis

LEAVE A REPLY

Please enter your comment!
Please enter your name here