Spot rubber continues to holds firm

Updated - January 09, 2018 at 02:15 PM.

A dried drop of latex hangs from a spout on a rubber tree at a plantation adjacent to the Thai Hua Rubber Pcl factory in Samnuktong, Rayong province, Thailand, on Wednesday, Jan. 29, 2014. Rubber production in Thailand, the world's largest exporter, may decline as growers from the main producing regions join protests seeking to overthrow the government, according to Von Bundit Co. Photographer: Dario Pignatelli/Bloomberg

Spot rubber continued to rule firm following the moderate gains in futures on Wednesday. RSS 4 firmed up to ₹132 (131.50) a kg according to traders. The grade improved to ₹131.50 (131) and ₹128.50 (128) respectively, according to the Rubber Board and the dealers. December futures closed at ₹134.50 (133.82), January at ₹136.20 (135.10), February at ₹138.02 (137.18), March at ₹140.03 (139.01) and April at ₹143 (143.50) on NMCE. RSS 3 (spot) declined to ₹102.36 (103.01)at Bangkok. December futures slid to ₹110.36 (110.38) on TOCOM. Spot rubber rates (₹/kg) were: RSS-4: 132 (131.50); RSS-5: 128.50 (128); ISNR 20: 112.50 (112.50) and Latex (60% drc): 92.50 (92.50).

Published on December 13, 2017 16:22