Rubber fees continue to be constant

Rubber fees continue to be constant

by admin- Wednesday, August 12th, 2020 07:26:50 AM

Physical rubber prices had been steady on Monday. RSS4 completed flat at ₹134.00 a kg, in line with buyers and the Rubber Board. The grade turned into quoted unchanged at ₹one hundred thirty.00 a kg by way of Dealers. The trend turned into partially mixed as ISNR 20 improved marginally on enquiries from the non-tyre region.

According to the Association of Natural Rubber Producing Countries (ANRPC), expenses of NR moved alongside a recuperation course all through July with the superb exception of latex marketplace. Despite the issues approximately a likely 2nd wave of Covid 19 pandemic and deteriorating US-China diplomatic relation, NR charges have the capability to move alongside the marginal recovery course supported by a bunch of things, which encompass the expected marginal improvement in the international consumption, worldwide manufacturing constraints and bodily availability of NR, persisted weakness in the US dollar, and aid from the crude oil market.

In futures, the August contracts declined to ₹134.01 (one hundred thirty five.Ninety four) even as the September contracts stepped forward to ₹133.00 (132.50) in line with kg on the Indian Commodity Exchange (ICEX). The August contracts were down with the aid of 1.Forty two% with a volume of three plenty and overall trade cost of ₹four.02 Lakh.

RSS 3 (spot) improved to ₹a hundred twenty five.99 (124.49) in line with kg at Bangkok. SMR 20 slid to ₹ninety nine.20 (99.93) and Latex 60% to ₹85.40 (eighty five.73) per kg at Kuala Lumpur.

Spot rubber prices (₹/kg) have been: RSS4: ₹134.00 (134.00); RSS5: ₹131.00 (131.00); ISNR20: ₹111.00 (one hundred ten.50) and Latex (60% drc): ₹eighty.00 (eighty.00).

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