Dip in arrivals, higher oil charges elevate rubber

Dip in arrivals, higher oil charges elevate rubber

by admin- Wednesday, February 24th, 2021 08:15:18 AM

Spot rubber led to inexperienced on Tuesday. RSS four improved to ₹160.50 (160) in keeping with kg, in line with investors and the Rubber Board. The grade changed into quoted marginally higher at ₹156.50 (156) by means of dealers.
In futures, the natural rubber contract for February transport firmed up from Monday’s settlement charge to ₹163.50 (162.Seventy one) in keeping with kg at the Multi Commodity Exchange (MCX).

RSS three (spot) progressed to ₹177.88 (174.84) in line with kg at Bangkok. SMR 20 firmed up to ₹131.03 (128.99) and Latex to ₹114.Eighty two (111.31) at Kuala Lumpur.

The maximum lively herbal rubber contract for May transport became up one hundred twenty five Yuan (₹1,401.93) from preceding day’s agreement price to close at 16,020 Yuan (₹179,683.44) a tonne in day time trading on Shanghai Futures Exchange (ShFE).

Spot rubber prices (₹/kg): RSS four:160.50 (a hundred and sixty); RSS five: a hundred and fifty five.50 (a hundred and fifty five); ISNR20: 148 (146) and Latex (60% drc): 122.50 (121).

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