Dip in spot rubber prices

Dip in spot rubber prices

by admin- Tuesday, September 8th, 2020 07:56:27 AM

Spot rubber profits on brief supply
Spot rubber dipped in addition on Monday. Sustained weak point in Shanghai rubber futures continued to cast its shadow over the market while a constant growth in Covid-19 instances and the absence of domestic customers stored it underneath pressure for the duration of the day. The ordinary volumes had been stupid.

RSS4 declined to ₹134.50 (₹135.50) in step with kg both at Kottayam and Kochi, in line with buyers and the Rubber Board. The grade dropped to ₹130.50 (₹131.50) in step with kg as in line with sellers.
Get get right of entry to to top rate Portfolio content for 14 days
START MY FREE TRIAL

Natural rubber futures closed lower at the Shanghai Futures Exchange (SHFE) in day-time trading on Monday. According to assets, the maximum energetic January 2021 delivery within the international trendsetter went down by using seventy five yuan (₹806.24) to shut at 12,465 yuan (₹133,997.22) a tonne.

Spot rubber charges (₹/kg) were: RSS4:₹134.50 (₹135.50); RSS5: ₹130.00 (₹132.00); ISNR20: ₹one hundred ten.00 (₹111.00) and Latex (60 consistent with cent drc): ₹seventy seven.50 (₹seventy eight.00).

News Updates