Spot rubber fee holds firm by admin- Friday, December 4th, 2020 07:50:55 AM
Aravindan Kottayam 6th in phrases of rubber manufacturing and consumption globally – The Hindu
Spot rubber finished firm on Thursday. RSS four improved to Rs.164.00 (Rs 163.50) in line with.Kg, in keeping with traders and the Rubber Board. The grade became quoted at Rs.A hundred and sixty.00 (Rs 159.50) in step with kg with the aid of Dealers. The trend endured to remain blended as Latex closed unchanged consecutively for the 8th day on extraordinarily low call for.
The extensive gap between the home and worldwide rubber costs and the absence of quantity dealers stored the customers active in the neighborhood trading houses. “We anticipate sheet rubber to pass Rs.One hundred seventy.00 soon because the undercurrent is visibly bullish” an observer instructed Business Line.
Natural rubber futures closed higher in day time trading on Shanghai Futures Exchange (ShFE). The close to month January 2021 delivery turned into up via one hundred and five Yuan (Rs.1,183.31) to shut at 15,395 Yuan (Rs.173,495.Seventy one) a tonne.
RSS three (spot) advanced to Rs.186.90 (184.36) according to kg at Bangkok. SMR 20 firmed as much as Rs.123.Ninety seven (122.Fifty four) and Latex to Rs.108.64 (108.34) in step with kg at Kualalumpur.
Spot rubber prices (Rs/kg) were: RSS4:164.00 (163.50); RSS5: 156.00 (a hundred and fifty five.50); ISNR20: 132.00 (131.00) and Latex (60% drc): 108.00 (108.00).