Comments
Spot rubber continued to recover slowly from the recent declines on Thursday. RSS 4 firmed up further to ₹133.50 (133) per kg according to traders and the Rubber Board. Certain tyre companies bought the raw material at the quoted level during early trading hours, sources confirmed. The same grade closed marginally higher at ₹129.50 (129) per kg as reported by the dealers. The trend was partially mixed.
In futuresFebruary contracts weakened to ₹132.45 (132.99), March to ₹134.36 (134.87) and April to ₹137.54 (138.22) per kg on the Indian Commodity Exchange (ICEX).
RSS 3 (spot) slid to ₹107.51 (107.66) per kg at Bangkok. Its February futures improved to ₹97.02 (95.49), March to ₹109.21 (107.19) and April to ₹115.31 (113.10) per kg on the Tokyo Commodity Exchange (TOCOM).
Spot rubber rates (₹/kg): RSS-4: 133.50 (133); RSS-5: 127.50 (126.50); ISNR 20: 114.50 (114.50) and Latex (60% drc): 84.50 (84.50).
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.