Comments
Spot rubber finished lower on Thursday. RSS4 weakened to ₹133.50 (134.00) per kg both at Kottayam and Kochi according to traders and the Rubber Board. The grade slid to ₹129.50 (130.00) per kg as per Dealers. The trend was mixed as ISNR20 and Latex closed unchanged with a sharp decline in volumes.
In futures, RSS 4 surrendered to ₹133.00 (137.00) per kg on the Indian Commodity Exchange (ICEX). The September delivery was down by 2.92% with a volume of 1 lot and total trade value of ₹1.33 lakh.
Natural rubber futures declined further in day time trading on Shanghai Futures Exchange (SHFE). The most active January 2021 delivery was down by 40 Yuan (₹429.71) to close at 12,200 yuan (₹131,061.24) a tonne.
RSS 3 (spot) dropped to ₹139.17 (139.77) per kg at Bangkok. SMR 20 improved to ₹97.99 (97.65) and latex 60 per cent to ₹85.26 (84.89) per kg at Kualalumpur.
Spot rubber rates (Rs/kg) were: RSS4:133.50 (134.00); RSS5: 128.50 (129.00); ISNR20: 109.00 (109.00) and Latex (60% drc): 77.00 (77.00).
Comments
COMMENT NOW
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.