Spot rubber continued to remain in the mixed trend on Wednesday. RSS-4 was traded unchanged at ₹114 and ₹115 per kg, respectively, by traders and the Rubber Board. Dealers were not interested to enlarge their commitments following rumours that lockdown may be extended in the wake of increasing positive cases across the country. Meanwhile, RSS-5 regained strength on enquiries from the non-tyre sector but ISNR-20 ended in red on dull demand.
According to reports, global demand for protective gloves is soaring in the light of the coronavirus pandemic. Rubber gloves are essential products as people become highly aware of hygiene and try to avoid germs. They are also necessary protective equipment for medical professionals.
The June contracts improved to ₹117.39 (116.65) and July to ₹117.48 (116.03) per kg on the Indian Commodity Exchange (ICEX). The near month July was up by 0.63 per cent with a volume of 95 lots and total traded value of ₹110.97 lakh.
RSS-3 (spot) improved to ₹106.95 (106.31) per kg at Bangkok. Its June futures weakened to ₹96.77 (97.04) and July to ₹100.78 (101.89) on the Tokyo Commodity Exchange. SMR20 firmed up to ₹84.92 (83.58) and Latex 60% to ₹78.54 (77.92) at Kuala Lumpur.
Spot rubber rates (₹/kg): RSS-4: 114 (114); RSS-5: 110 (108); ISNR 20: 104 (105) and Latex (60% drc): 82 (82).
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