Spot rubber remains flat

Spot rubber remains flat

by admin- Wednesday, January 5th, 2022 07:29:28 AM

There have been no dealers even at better tiers and the overall extent persisted to remain low.
Spot rubber closed unchanged with upward bias on Tuesday. RSS4 changed into quoted constant at ₹167.00 consistent with kg by way of investors. The grade improved to ₹166.50 (₹166.00) in line with kg according to the Rubber Board. There were no quantity dealers even at better stages and the overall extent continued to remain low following a pointy decline in uncooked cloth inflow.

In futures, the maximum lively January contracts were down 1.28 in step with cent from preceding day’s agreement to close at ₹166.Fifty five in keeping with kg with 29 masses on the Multi Commodity Exchange (MCX).

RSS3 (spot) firmed as much as ₹142.91 (₹142.23) per kg at Bangkok. SMR20 improved to ₹130.Sixty seven (₹130.14) and Latex to ₹97.31 (₹95.16) in line with kg at Kuala Lumpur.

The natural rubber settlement for the January 2022 delivery turned into down zero.87 in step with cent from the day past’s fee to close at 14.Forty one Yuan (₹168.86) in keeping with kg with a extent of 1,562 masses in daylight hours buying and selling on Shanghai Futures Exchange (ShFE).

The most lively May 2022 transport was up 0.21 per cent to shut at 236.0 Yen (₹151.75) consistent with kg with a quantity of 137 plenty at the Osaka Exchange (OSE), Japan.

Spot rubber costs (Rs/kg) were: RSS4:167.00 (167.00), RSS5: 163.00(163.00), ISNR20: a hundred and fifty.00 (a hundred and fifty.00) and Latex (60% DRC – dry rubber content material): 127.00 (126.00).

News Updates