Spot rubber suggests signs of weak point

Spot rubber suggests signs of weak point

by admin- Friday, November 29th, 2019 07:18:26 AM

Spot rubber confirmed symptoms of weak point on Thursday. RSS 4 slid to Rs one hundred thirty.00 (130.50) a kg consistent with traders. The grade persevered to stay unchanged at Rs a hundred thirty.50 and Rs 126.50 per kg respectively in line with the Rubber Board and Dealers. The marketplace opened constant but misplaced ground in the course of the latter 1/2 of the trading consultation tracking the declines in the home and international trendsetters.

The December futures surrendered to Rs 131.91 (132.56), January to Rs 132.85 (133.77) and February to Rs 135.42 (136.18) consistent with kg at the Indian Commodity Exchange (ICEX). .

RSS 3 (spot) dropped to Rs one hundred ten.95 (111.05) in step with kg at Bangkok. The December futures weakened to Rs 111.64 (112.53), January to Rs one hundred ten.Ninety five (111.Eighty one) and February to Rs 113.50 (114.50) in line with kg at the Tokyo Commodity Exchange (TOCOM).

Spot rubber costs (Rs/kg) had been:

RSS-4: 130.00 (a hundred thirty.50)

RSS-five: 127.50 (128.00)

ISNR 20: 119.50 (one hundred twenty.00)

and Latex (60% drc): 89.50 (89.50)

News Updates