Spot rubber was mixed on Wednesday. RSS 4 closed unchanged at ₹118 a kg, according to traders. The grade declined to ₹118.50 (₹119) and ₹115.50 (₹116) respectively, as quoted by the Rubber Board and dealers. The market was almost inactive, though RSS 5 lost marginally amidst scattered transactions. It was difficult to find out a genuine buyer or seller even at lower levels, traders said.
November futures weakened to ₹117.25 (₹118.99), December to ₹116.10 (₹116.13) and January to ₹116.05 (₹116.41) on the National Multi Commodity Exchange. RSS 3 (spot) improved to ₹101.65 (₹100.83) at Bangkok. November futures closed at ¥192.7 (₹102.92) on the Tokyo Commodity Exchange. Spot rubber rates (₹/ kg) were: RSS-4: 118 (118); RSS-5: 111.50 (112); Ungraded: 106 (106); ISNR 20: 105 (105) and Latex (60% drc): 76 (76).
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.