Spot rubber remains flat on bearish global cues

Spot rubber remains flat on bearish global cues

by admin- Wednesday, November 18th, 2020 08:04:50 AM

Spot rubber closed unchanged on Tuesday. The marketplace opened company however misplaced the preliminary energy afterward weak international cues. But the trend persisted to remain mixed as RSS-5 and ISNR 20 advanced mainly on enquiries from the overall rubber goods area.
RSS-four became quoted consistent at ₹157 a kg by way of investors and the Rubber Board. The grade finished flat at ₹153 a kg, in line with sellers. The usual volumes had been meagre.

Natural rubber futures closed decrease in day time trading on Shanghai Futures Exchange (ShFE) on Monday. The maximum active January 2021 shipping changed into down by using a hundred seventy five Yuan (₹1988.17) to close at 14,365 Yuan (₹163,2 hundred.Sixty six) a tonne.

RSS-3 (spot) weakened to ₹173.Forty (174.90) in keeping with kg at Bangkok. SMR 20 declined to ₹116.Eighty three (118.50), while Latex progressed to ₹109.25 (108.Eighty two) per kg at Kuala Lumpur.

Spot rubber charges (₹/kg): RSS-four:157 (157); RSS-five: a hundred and fifty (149); ISNR 20: 124 (123) and Latex (60% drc): 106 (106).

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