Comments
Spot rubber continued to remain neutral on Monday. RSS 4 closed steady at ₹130.00 a kg according to traders and the Rubber Board. The grade finished flat at ₹126.00as per the dealers. The market seemed to be suffering from an acute shortage of the raw material but the absence of genuine buyers kept it under pressure during the day. Meanwhile the trend was partially mixed as RSS 5 improved marginally on enquiries from the non tyre sector.
April futures declined to ₹128.03 (130.94) and May to ₹130.01 (132.71)on the Indian Commodity Exchange (ICEX). April contracts were down by 2.32 % with a volume of 649 lots and total trade value of 839.30 Lakhs.
RSS 3 (spot) slid to ₹112.18 (112.35) per kg at Bangkok.March futures improved to ₹108.37 (104.73), April to ₹111.53 (110.85) and May to ₹111.59 (110.99)on the Tokyo Commodity Exchange (TOCOM).
Spot rubber rates (₹/kg): RSS-4: 130 (130); RSS-5: 125.50 (125); ISNR 20: 115.50 (115.50) and Latex (60% drc): 84.50 (84.50).
Comments
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.