Spot rubber regains strength

Spot rubber regains strength

by admin- Tuesday, January 21st, 2020 07:42:31 AM

Spot rubber regained electricity on Monday. RSS 4 stepped forward to ₹138 (137.50) per kg in keeping with buyers.. It turned into quoted steady at ₹138.00 and ₹134 according to kg respectively in keeping with the Rubber Board and dealers. The marketplace made all-round profits on enquiries from major ingesting industries and the feelings have been ridden via supply concerns, as the commodity is passing via the fag give up of its top manufacturing season.

In futures, February contracts slid to ₹141.12 (141.77), March to ₹one hundred forty four.16 (a hundred and forty four.69) and April to ₹147.75 (148.15) per kg at the Indian Commodity Exchange (ICEX). The near month February futures become down with the aid of 0.51 per cent with a extent of 307 plenty and overall exchange value of 434.08 lakhs.

RSS three (spot) weakened to ₹116.28 (117.Fifty one) in step with kg at Bangkok. January futures declined to ₹109.16 (112.84), February to ₹110.52 (114.27) and March to ₹122.Fifty two (125.38) consistent with kg at the Tokyo Commodity Exchange (TOCOM).

Spot rubber quotes (₹/kg) : RSS-4: 138 (137.50); RSS-5: 134 (133.50; ISNR 20: 120 (119) and Latex (60% drc): 86.50 (86.00).

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