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
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.