Comments
Spot rubber ended in green on Tuesday. As per reports, there were certain enquiries from the tyre sector but they preferred to keep a very low profile. “We expect sheet rubber to cross ₹140 a kg this week,” a trader said. The undercurrent was visibly bullish.
RSS-4 improved to ₹135 (134) per kg, according to traders and the Rubber Board. The grade firmed up to ₹131 (130), according to dealers.
Natural rubber futures closed higher in day time trading on Shanghai Futures Exchange (ShFE). The most active January 2021 delivery was up by 110 Yuan (₹1197.34) to close at 13,205 Yuan (₹143,735.81) a tonne.
SMR-20 firmed up to ₹108.06 (107.03) and Latex 60% to ₹94.16 (93.90) at Kuala Lumpur.
Spot rubber rates (₹/kg): RSS-4:135 (134); RSS-5: 129 (129); ISNR-20: 110 (110) and Latex (60% drc): 79.50 (78.50).
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.