Physical rubber prices were steady on Tuesday. Sentiments remained neutral following yet another weak closing in global trendsetters, but the commodity managed to sustain at the prevailing levels on supply concerns. The transactions were low.
RSS4 closed unchanged at ₹134.50 per kg, both at Kottayam and Kochi, according to traders and the Rubber Board. The grade was quoted steady at ₹130.50 per kg by dealers.
Natural rubber futures continued to remain under pressure on Shanghai Futures Exchange (SHFE) in day-time trading on Tuesday. The most active January 2021 delivery was down by ₹107.76 to close at ₹134,792.49 a tonne. In spot, RSS 3 declined to ₹143.33 (148.87) per kg at Bangkok.
Spot rubber rates (Rs/kg) were — RSS4: ₹134.50 (₹134.50); RSS5: ₹130.00 (₹130.00); ISNR20: ₹110.00 (₹110.00) and Latex (60 per cent drc): ₹77.50 (₹77.50).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.