India: Spot rubber ends flat

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Spot rubber finished flat on Thursday. 4 closed unchanged at ₹114 and ₹115 per kg respectively, according to and the Rubber Board. The was partially mixed as Latex improved on fresh enquiries from the general rubber goods sector. .

“We expect companies to join the buyers’ queue soon since they have to procure the raw material before the hard days of the rainy season,” a dealer said. “But they seem to be hesitant to enlarge their commitments probably due to the uncertainty prevailing in the and . Actually, the sudden fall in demand during the lockdown has nullified the benefits of a sharp decline in natural rubber as far as tyre companies are concerned,” he added.

In futures, June contracts improved to ₹113.94 (112.06) and July to ₹114.38 (113.50) per kg on the Indian Exchange (ICEX). The near month July was up by 1.68% with a volume of 81 lots and total trade value of ₹91.90 Lakhs..

RSS 3 (spot) slid to ₹105.74 (105.86) per kg at Bangkok. .Its May futures weakened to ₹98.53 (99.60) and June to Rs.100.78 (101.08) per kg on the Commodity Exchange (). SMR20 dropped to ₹84.93 (84.97) but Latex 60% improved to ₹78.39 (78.23) per kg at Kualalumpur.

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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): 80.00 (77.50).

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