Commodities

Mixed trend in rubber

Our Correspondent Kottayam | Updated on July 02, 2020 Published on July 02, 2020

Spot rubber closed unchanged on Thursday. RSS-4 was quoted steady at ₹118 a kg consecutively for the fifth day by traders and the Rubber Board. The grade finished flat at ₹114 a kg, according to dealers. The trend was partially mixed as RSS-5 improved marginally on enquires from the non-tyre sector but the overall volumes were dull.

“Uncertainties in the global economic recovery prospects and increasing worries over the number of Covid-19 infections will continue to dominate the market sentiments,” analysts said.

In futures, the July contracts firmed up to ₹119.94 (119.52) and August to ₹122.77 (122.24) a kg on the Indian Commodity Exchange (ICEX). The July delivery was up by 0.35 per cent with a volume of 16 lots and total trade value of ₹19.20 lakh.

RSS-3 (spot) slid to ₹115.53 (115.61) per kg at Bangkok. Its July futures declined to ₹98.87 (99.46) and August to ₹100.33 (100.80) on the Tokyo Commodity Exchange. SMR 20 improved to ₹87.84 (87.02), while Latex 60% weakened to ₹86.32 (86.84) at Kuala Lumpur.

Spot rubber rates (₹/kg): RSS-4:118 (118); RSS-5: 115 (114.50); ISNR 20: 103 (103) and Latex (60% drc): 82.50 (82.50).

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

Published on July 02, 2020
This article is closed for comments.
Please Email the Editor