According to reports, the world consumption of NR is expected to be slightly better during May over April. While the consumption fell in April by 23.1%, year-on-year, the decline anticipated in May is 10.1% only. Moreover, the consumption is anticipated to increase in June by 0.4%, year-over-year. The improving outlook on the world consumption is definitely a favourable factor for Rubber.
RSS 3 (spot) improved to ₹105.86 (104.93) per kg at Bangkok. .Its May futures firmed up to ₹99.60 (98.45) and June to ₹101.08 (99.65) per kg on the Tokyo Commodity Exchange (TOCOM). SMR20 improved to ₹84.97 (83.91) and Latex 60% to ₹78.23 (77.19) per kg at Kualalumpur.
Spot rubber rates (₹/kg) follow: RSS-4: 114.00 (114.00); RSS-5: 108.00 (108.00); ISNR 20: 106.00 (106.00) and Latex (60% drc): 77.50 (77.50).