India: Spot rubber stays flat on bearish global cues


Spot rubber closed unchanged on Tuesday. The market 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 . The grade finished flat at ₹153 a kg, according to dealers. The overall volumes were meagre.

futures 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 . 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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