Agri Business

Spot rubber in bear grip

Kottayam | Updated on March 24, 2021

Spot rubber finished flat on Wednesday. RSS 4 continued to rule steady at ₹169 per kg, according to traders and the Rubber Board. The grade was quoted unchanged at ₹164 by dealers. The trend was partially mixed as ISNR20 and latex lost marginally amidst scattered transactions. The overall volumes were low.

Plummeting overseas markets and muted demand from tyre-makers kept domestic rubber under pressure during the day. As per reports, Asian markets skidded to a two week low as corona virus lock downs in Europe and US tax hikes persuaded the investors for bargain hunting.

RSS 3 (spot) declined to ₹165.27 (168.35) per kg at Bangkok. SMR 20 dropped to ₹127.02 (128.17) and Latex to ₹121.50 (122.07) per kg at Kuala Lumpur.

Spot rubber rates (₹/kg): RSS 4:169 (169); RSS 5: 166 (166); ISNR20: 155.50 (151) and Latex (60% drc): 129 (129.50).

Published on March 24, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like