Rubber stays flat on subdued buying

Aravindan Kottayam | Updated on June 26, 2020 Published on June 26, 2020

Spot rubber finished flat on Friday. RSS-4 closed unchanged at ₹118 a kg, according to traders and the Rubber Board. The same was quoted steady at ₹114 a kg by dealers. The transactions were low since most traders preferred to sideline the market possibly as a safe trading strategy during the weekend sessions.

In futures, the July contracts weakened to ₹118.63 (119.05 ) per kg on the Indian Commodity Exchange (ICEX). The contracts were down by 0.35 per cent with a volume of 17 lots and total trade value of ₹20.18 lakh.

RSS-3 improved at its July futures to ₹100.10 (99.89) and August to ₹100.90 (100.52) on the Tokyo Commodity Exchange. SMR 20 firmed up to ₹87.14 (87.08), while Latex 60% slid to ₹87.14 (87.26) a kg at Kuala Lumpur. RSS-3 (spot) dropped to ₹116.73 (116.80) at Bangkok.

Spot rubber rates (₹/kg): RSS-4:118 (118); RSS-5: 114.50 (114.50); ISNR 20: 105 (105) and Latex (60% drc): 84 (84).

Published on June 26, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.