Holiday mood saps rubber

Our Correspondent Kottayam | Updated on March 10, 2020

Spot rubber ended in the negative zone on Tuesday. RSS 4 surrendered to ₹130 (131) a kg as reported by traders and the Rubber Board. The grade was quoted at ₹126 (127) a kg by dealers. The absence of local guidance through exchange trade on account of Holi took the steam out of the market. RSS-3 (spot) weakened to ₹114.54 (116.05) per kg at Bangkok. The March futures improved to ₹113.12 (111.77), April to ₹114.24 (113.07) and May to ₹115.44 (115.17) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130 (131); RSS-5: 125 (126); ISNR 20: 117 (117.5); and Latex (60 per cent drc): 84.5 (84.5)

Published on March 10, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like