Agri Business

Spot rubber rules steady

Our Correspondent Kottayam | Updated on May 25, 2020

Spot rubber continued to rule steady on Monday. RSS 4 was unchanged at ₹114 a kg, according to traders. “We can not expect the commodity to recover unless the tyre makers come forward to procure the raw material at the prevailing levels,” a dealer said.

There were no fresh factors to set a definite trend in the market and it lost direction possibly in the absence of local guidance as the domestic futures remained closed on ICEX owing to Ramzan Id (Idu'L Fitr).

RSS 3 weakened at its May futures to ₹95.64 (96.35) and June to ₹96.56 (98.11) per kg on the Tokyo Commodity Exchange (TOCOM).

Spot rubber rates (₹/kg) follow: RSS-4: 114 (114); RSS-5: 108 (108); ISNR 20: 106 (106) and Latex (60% drc): 80.50 (80.50).

Published on May 25, 2020

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