India: Spot rubber stays flat on bearish global cues

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Spot closed unchanged on Tuesday. The opened firm but lost the initial strength later on weak global cues. But the continued to remain mixed as -5 and ISNR 20 improved mainly on enquiries from the general rubber goods sector.

RSS-4 was quoted steady at ₹157 a kg by and the Rubber Board. The grade finished flat at ₹153 a kg, according to dealers. The overall volumes were meagre.

rubber closed lower in day time trading on (ShFE) on Monday. The most active January 2021 delivery was down by 175 Yuan (₹1988.17) to close at 14,365 Yuan (₹163,200.66) a tonne.

RSS-3 (spot) weakened to ₹173.40 (174.90) per kg at . SMR 20 declined to ₹116.83 (118.50), while Latex improved to ₹109.25 (108.82) per kg at .

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Spot rubber rates (₹/kg): RSS-4:157 (157); RSS-5: 150 (149); ISNR 20: 124 (123) and Latex (60% drc): 106 (106).

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