Comments
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).
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.