Commodities

Mixed trend in rubber

Our Correspondent Kottayam | Updated on February 11, 2021

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).

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Published on February 11, 2021
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