Spot rubber finished marginally higher on Friday. RSS 4 improved to Rs 132.50 (Rs 132) per kg, according to traders and the Rubber Board. The grade firmed up to Rs 128.50 (Rs 128) per kg as quoted by the dealers.
The commodity regained strength on covering purchases, following a firm closing in domestic futures and Bangkok spot prices. Meanwhile, ISNR 20 and latex continued to rule weak in the absence of fresh enquiries from the non-tyre sector.
January futures improved to Rs 136.62 (Rs 135.46), February to Rs 138.63 (Rs 137.24) and March to Rs 141 (138.31) per kg on the Indian Commodity Exchange (ICEX).
RSS 3 (spot) firmed up to Rs 115.49 (Rs 113.58) per kg in Bangkok. December futures weakened to Rs 113.93 (Rs 114.96), January to Rs 114.18 (Rs 114.24) and February to Rs 116.89 (Rs 117.08) per kg on the Tokyo Commodity Exchange (TOCOM).
Spot rubber rates (Rs/kg) were:
RSS-4: 132.50 (132.00)
RSS-5: 128.50 (128.00)
ISNR 20: 117.00 (117.50)
and latex (60% drc): 90.50 (91.00)
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.