Commodities

Mixed trend in rubber

Aravindan Kottayam | Updated on June 29, 2020 Published on June 29, 2020

Spot rubber continued to rule steady on Monday. RSS-4 finished flat at ₹118 a kg, according to traders and the Rubber Board. The grade was quoted unchanged at ₹114 per kg by dealers.

The trend was partially mixed as ISNR 20 and Latex 60% ended in red on extremely low demand. Sustained weakness in global markets and the absence of genuine buyers in the local trading houses continued to dampen the sentiments amidst Covid-19 fears.

In futures, the July contracts improved to ₹119.17 (118.63), while the August contracts slid to ₹122.28 (122.53) a kg on the Indian Commodity Exchange (ICEX). The July contracts were up by 0.46 per cent with a volume of 41 lots and total trade value of ₹48.70 lakh.

RSS-3 weakened at its July futures to ₹99.09 (100.10) and August to ₹100.50 (100.90) per kg on the Tokyo Commodity Exchange. SMR 20 dropped to ₹85.78 (87.14) and Latex 60% to ₹86.76 (87.14) at Kuala Lumpur. RSS-3 (spot) declined to ₹115.53 (116.73) at Bangkok.

Spot rubber rates (₹/kg): RSS-4:118 (118); RSS-5: 114.50 (114.50); ISNR 20: 104 (105) and Latex (60% drc): 83.50 (84).

Published on June 29, 2020
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