Comments
Spot rubber prices ended in a steady note on Friday. According to observers, the stalemate continued in the domestic market as most traders were unwilling to enlarge their commitments despite a firm closing in global markets.
The volumes were extremely low.
RSS-4 was quoted unchanged at ₹133 a kg by traders and the Rubber Board. The grade finished flat at ₹129 a kg as reported by dealers.
Natural rubber futures closed higher in day time trading on the Shanghai Futures Exchange (ShFE). The near month October delivery was up by 140 Yuan (₹1,520.89) to close at 11,685 Yuan (₹126,940.11) a tonne.
RSS-3 (spot) flared up to ₹144.91 (141.78) a kg at Bangkok. SMR-20 improved to ₹101.33 (99.96) and Latex 60% to ₹88.96 (88.57) at Kuala Lumpur.
Spot rubber rates (₹/kg): RSS-4:133 (133); RSS-5: 128 (128); ISNR-20: 108 (108) and Latex (60% drc): 76.50 (76.50).
Comments
COMMENT NOW
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.