Comments
Spot rubber closed unchanged on Thursday. RSS 4 was quoted steady at ₹116 a kg by the Rubber Board. There were no genuine buyers or sellers in the local trading houses to set a definite trend in the market, and the commodity lost its direction amidst extremely dull volumes.
June contracts declined to ₹113.04 (114.09) per kg on the Indian Commodity Exchange (ICEX). The contracts were down by 0.92 per cent with a volume of 92 lots and the total trade value of ₹104.63 Lakhs. May futures which will expire on 15 Friday was totally inactive during the session.
“ June contracts will remain-range bound between ₹11,200 and ₹11,580 with a downward bias.” said Ajay Kedia of Kedia securities.
RSS 3 (spot) slid to ₹104.66 (104.78) per kg at Bangkok. .Its May futures weakened to ₹98.39 (98.60), June to ₹100.23 (100.85) and July to ₹102.77 (103.32) per kg on the Tokyo Commodity Exchange (TOCOM). SMR20 firmed up to ₹82.43 (82.12) and Latex 60 per cent to ₹75.85 (75.47) per kg at Kualalumpur.
Spot rubber rates (₹/kg) : RSS-4: 116 (116); RSS-5: 110 (110);ISNR 20: 108 (108) and Latex (60% drc): 78.20 (78.20).
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.