Commodities

Enquiries from tyre sector lift rubber

Our Correspondent Kottayam | Updated on October 13, 2020 Published on October 13, 2020

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).

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Published on October 13, 2020
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