India: Spot rubber perks up

Spot rubber prices improved on Thursday. Sentiments were catalysed as the Government permitted procurement of RSS 4 until prices touch ₹171 a kg..

Sheet rubber improved to ₹148 (146) a kg, according to traders.

The grade closed firm at ₹147 (146) and ₹144 (143) a kg respectively, according to Rubber Board and dealers.

RSS 3 (spot) weakened to ₹132.77 (133.04) a kg at Bangkok.

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Futures rise

The March futures improved to ¥215.3 (₹131.13) during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange.

Spot rubber rates (₹/kg): RSS-4: 148 (146); RSS-5: 146 (144.50); Ungraded: 142 (141); ISNR 20: 143.50 (143) and Latex 60%: 120 (120).

The Hindu