Spot rubber remains flat

Spot rubber remains flat

by admin- Wednesday, July 29th, 2020 08:36:18 AM

Spot rubber closed unchanged on Tuesday. RSS-four completed flat at ₹129.50 and ₹a hundred thirty according to kg respectively, consistent with investors and the Rubber Board. The grade changed into quoted regular at ₹126 via dealers.

In futures, the August contracts stepped forward to ₹132.10 (129.87) at the Indian Commodity Exchange (ICEX). The contracts had been up by using 1.Seventy two in line with cent with a quantity of 30 lots and a complete exchange value of ₹39.Forty one lakh.

Meanwhile, the Tokyo Commodity Exchange (TOCOM) rubber contracts, which began trading at the Osaka Exchange (OSE) on July 27, fell by 0.9 per cent on concerns approximately the impact of a 2nd wave of Covid-19 instances on global financial system and demand for commodities. The December futures for RSS-three concluded at ₹112.52 consistent with kg on Monday. Its January contracts closed at ₹114.Sixteen on Tuesday.

SMR 20 firmed as much as ₹90.21 (ninety.14) and Latex 60% to ₹eighty one.Ninety seven (81.Sixty four) in step with kg at Kuala Lumpur. Spot rubber fees (₹/kg): RSS-four:129.50 (129.50); RSS-5: 126 (126); ISNR20: one hundred ten (110) and Latex (60% drc): eighty (eighty).

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