India: Spot rubber edges up

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Spot rubber prices improved on Monday. RSS-4 firmed up to ₹126 (125.50) a kg, according to traders and the Rubber Board. The grade finished higher at ₹123 (122.50), said the dealers.

November futures flared up to ₹128.50 ( 125.60), December to ₹128.40 (124.12), January to ₹129.49 (124.79) and February to ₹127.51 (124.90) on the NMCE. RSS-3 (spot) improved to ₹104.52 (103.70)at Bangkok.

November futures bounced back to ₹110.29 (107.40) on the TOCOM. Spot rubber rates (₹/kg): RSS-4: 126 (125.50); RSS-5: 123 (122); ISNR 20: 106 (105) and Latex (60% drc): 82 (81.50).