Commodities

Spot rubber rules firm

Our Correspondent Kottayam | Updated on January 16, 2018 Published on October 07, 2016

Spot rubber prices were firm on Friday. The market opened steady but regained strength as TOCOM rubber futures extended gains buoyed by a weaker Yen and surge in oil prices. RSS 4 improved to ₹116 (₹115) a kg, according to traders. The grade was steady at ₹116 and ₹113 respectively according to the Rubber Board and dealers. October futures increased to ₹117.50 (₹116.72), November to ₹119.25 (₹117), December to ₹120.20 (₹117.72), January to ₹120.01 (₹117.83) and February to ₹120.60 (₹118.63) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up to ₹111.82 (₹109.95) at Bangkok. October futures improved to ¥173.1 (₹111.38) on the Tokyo Commodity Exchange. ). The Spot rubber rates ₹/kg were: RSS-4: 116 (115); RSS-5: 111.50 (111); Ungraded: 98 (97); ISNR 20: 96 (95) and Latex (60% drc): 71.50 (71).

Published on October 07, 2016
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