India: Mixed trend in spot rubber

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Spot rubber was in a mixed mood as -5 and ISNR-20 regained strength on enquiries from the non- sector on Tuesday.

According to observers, the showed signs of a partial recovery in prices on early trades but it failed to make all-round gains on buyer resistance.

RSS-4 finished flat at ₹133 a kg consecutively for the seventh day, according to traders and the Rubber Board. The grade closed steady at ₹129 as per dealers. An uptick in Covid-19 cases cast its shadow over the sentiments during the day.

Natural declined in day time on the (ShFE). The near month October delivery was down by 60 (₹650.69) to close at 11,635 yuan (₹126,207.08) a tonne.

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RSS-3 (spot) improved to ₹146.23 (145.71) at Bangkok. SMR-20 weakened to ₹99.57 (101.30) and Latex 60 per cent to ₹88.02 (88.97) at Kuala Lumpur.

Spot rubber rates (₹/kg): RSS-4:133 (133); RSS-5: 129 (128); ISNR-20: 108.50 (108) and Latex (60% drc): 77 (76.50).

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