Spot rubber to stay slow till the cease of this fiscal by admin- Wednesday, March 24th, 2021 07:48:55 AM
Spot rubber persisted to rule consistent on Tuesday. There had been no sparkling elements to set a specific fashion inside the market and it’s far probably to remain slow until the cease of the modern monetary yr.
RSS four closed unchanged at ₹169 in step with kg, in keeping with traders and the Rubber Board. The grade completed flat at ₹164 in keeping with kg as in step with sellers. Sentiments remained neutral driven by way of an almost comparable remaining in domestic futures and overseas trendsetters. The volumes have been dull.
In futures, the March transport advanced 1.01 per cent to ₹169.20 in line with kg from Monday’s settlement rate on the Multi Commodity Exchange (MCX).
RSS three (spot) slid to ₹168.35 (168.47) according to kg at Bangkok. SMR 20 weakened to ₹128.17 (129.37) and Latex to ₹122.07 (122.Ninety one) in step with kg at Kualalumpur.
Spot rubber fees (₹/kg): RSS four:169 (169); RSS 5: 166 (166); ISNR20: 151 (151) and Latex (60% drc): 129.50 (129.50).