Mixed trend in rubber market

Spot rubber confirmed mixed pattern on Tuesday. RSS-4 ongoing to rule regular at ₹114 and ₹115 for every kg, respectively, according to traders and the Rubber Board. Having said that, ISNR 20 misplaced even more on really reduced demand from customers but latex strengthened even more on enquiries from the common rubber products sector. Total volumes ended up reduced.

In futures, June contracts enhanced to ₹116.sixty five (113.36) and July to ₹116.03 (112.80) for every kg on the Indian Commodity Exchange (ICEX). The around thirty day period July was up by two.90 for every cent with a volume of 85 tons and complete trade value of ₹98.seventeen lakh.

RSS-three (place) weakened to ₹106.31 (106.63) for every kg at Bangkok. Its June futures firmed up to ₹97.04 (96.56) and July to ₹101.89 (101.forty five) on the Tokyo Commodity Exchange (TOCOM).

Spot rubber costs (₹/kg): RSS-4: 114 (114) RSS-five: 108 (108) ISNR 20: one hundred and five (106) and Latex (60% drc): 82 (80.fifty).

Published on

May perhaps 26, 2020

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