Spot rubber witnessed mixed trend on Tuesday. RSS 4 closed unchanged at Rs.138.00 a kg, in keeping with traders and the Rubber Board.. It became quoted consistent at Rs.134.00 a kg by means of Dealers. Another vulnerable final globally and the absence of tyre makers kept the commodity under strain . Meanwhile, ISNR 20 and Latex endured to put up mild profits on enquiries from the overall rubber goods area.

In futures, the February contracts dropped to Rs. One hundred forty.Eighty four (141.12), March to Rs.143.85 (one hundred forty four.16) and April to Rs.147.Sixty five (147.75) per kg at the Indian Commodity Exchange (ICEX). The close to month February futures changed into down via 0.20% with a volume of 371 masses and total alternate price of 521.04 Lakh.

RSS 3 (spot) declined to Rs. A hundred and fifteen.74 (116.28) in step with kg at Bangkok. Its January futures weakened to Rs. 108.88 (109.16), February to Rs. 108.Seventy five (one hundred ten.Fifty two) and March to Rs. 118.85 (122.Fifty two) in step with kg on the Tokyo Commodity Exchange (TOCOM).
The Economic Intelligence Center (EIC) forecasts a dismal outlook for rubber costs in Thailand this yr due to tepid demand from China and extended home components in Thailand. Rubber farmers are set to undergo some other yr of low rubber costs on global uncertainty and a sturdy Thai baht.

According to reviews, the dominion closely is predicated on Chinese intake with 40% of exports destined for the arena’s second largest financial system, specially to make automobile tyres. Chinese call for for rubber from Thailand continues to plateau on the back of worries about the trade battle with the USA and less expensive imports from neighbouring Cambodia, Laos, Myanmar and Vietnam.

Spot rubber rates (Rs/kg) had been:

RSS-4: 138.00 (138.00)

RSS-5: 133.50 (134.00)

ISNR 20: 121.00 (one hundred twenty.00)

and Latex (60% drc): 87.00 (86.50)