Spot rubber scaled further highs on Wednesday. The market opened firm and improved subsequently on fresh buying and short covering. "The immediate target of the commodity is ₹150.00 and we expect sheet rubber to reach that level during next week," a dealer told BusinessLine .
RSS4 improved to ₹144.00 (142.00) per kg, according to traders and the Rubber Board. The grade was quoted higher at ₹140.00 (138.00) per kg by Dealers.
RSS 3 (spot) flared up to ₹162.60 (158.33) per kg at Bangkok. SMR 20 improved sharply to ₹120.04 (113.67) and Latex 60 per cent to ₹112.74 (103.22) per kg at Kualalumpur.
Natural rubber futures continued to close higher in day time trading on Shanghai Futures Exchange (SHFE). The most active January 2021 delivery was up by ₹5,756.26 to close at ₹163,399.68 a tonne.
Spot rubber rates (Rs/kg) were: RSS4:144.00 (142.00); RSS5: 140.00 (138.00); ISNR20: 117.00 (115.00) and Latex (60% drc): 92.00 (87.50).