Spot rubber continued to remain neutral on Thursday. RSS 4 closed unchanged at ₹155 per kg, according to traders and the Rubber Board. The grade was quoted steady at ₹151 by dealers.
The trend was mixed as RSS 5 declined mainly on buyer resistance, while Latex firmed up further on enquiries from the general rubber goods sector. The overall volumes were low.
In futures, the natural rubber contract for February delivery improved a tad to ₹157.02 (156.84) per kg on the Multi Commodity Exchange (MCX).
RSS 3 (spot) weakened to ₹158.97 (159.36) per kg at Bangkok. The Shanghai Futures Exchange (ShFE) remained closed on account of Chinese New Year.
Spot rubber rates (₹/kg): RSS 4:155 (155); RSS 5: 150 (151); ISNR 20: 141 (141) and Latex (60% drc): 111.50 (111).
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.