Comments
Spot rubber prices remained unchanged on Tuesday. RSS-4 closed steady at ₹118 a kg consecutively for the third day, according to traders and the Rubber Board. The grade finished flat at ₹114 a kg, according to dealers. The overall volumes were meagre.
The sentiments remained neutral as major consuming industries continued to keep a very low profile possibly to avoid a major recovery in prices. “Most of us are in urgent need of liquid cash,” a small grower told BusinessLine. “But still, we are desperately waiting for a reasonable price level to sell”.
The July futures slid to ₹119.01 (119.17) per kg on the Indian Commodity Exchange (ICEX). The contracts were down by 0.13 per cent with a volume of 19 lots and total trade value of ₹22.64 lakh.
RSS-3 firmed up at its July futures to ₹99.75 (99.09) and August to ₹100.40 (99.79) a kg on the Tokyo Commodity Exchange. SMR 20 improved to ₹86.12 (85.78 ) and Latex 60% to ₹87.19 (86.76) at Kuala Lumpur. RSS-3 (spot) weakened to ₹115.39 (115.53) per kg at Bangkok.
Spot rubber rates (₹/kg): RSS-4:118 (118); RSS-5: 114.50 (114.50); ISNR 20: 104 (104) and Latex (60% drc): 83.50 (83.50).
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.