Rubber tanks on virus fears

Our Correspondent Kottayam | Updated on March 09, 2020 Published on March 09, 2020

Spot rubber continued to remain under pressure on Monday. RSS-4 declined to ₹131 (132.50) per kg, according to traders and the Rubber Board. The grade weakened to ₹127 (128.50), said dealers.

Per reports, the market sentiments have been dominated by the concerns about the impact of the coronavirus on global economy as well as the demand outlook of NR.

In futures, the March contracts slid to ₹128.67 (129.20), April to ₹129.39 (133.16) and May to ₹132.09 (134.72) a kg on the Indian Commodity Exchange (ICEX). RSS 3 (spot) dropped to ₹116.05 (117.95) a kg at Bangkok. Its March futures surrendered to ₹111.77 (117), April to ₹113.07 (118.83) and May to ₹115.17 (119.33) a kg on the Tokyo Commodity Exchange.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on March 09, 2020
This article is closed for comments.
Please Email the Editor