Spot rubber weakens

Spot rubber weakens

by admin- Wednesday, January 29th, 2020 07:42:03 AM

The home rubber costs persisted to remain subdued on Tuesday. In spot, RSS four weakened to Rs 136.00 (137.00) a kg in line with investors and the Rubber Board. The identical dropped to Rs 132.00 (133.00) a kg in keeping with dealers. The absence of customers from the tyre area and unfavourable reviews and rumours from the worldwide markets weighed heavily on expenses. The fashion become partly mixed as Latex closed unchanged amidst scattered transactions.

In futures, the February contracts declined to Rs 133.35 (one hundred thirty five.37), March to Rs 135.50 (137.38) and April to Rs 138.23 (one hundred forty.65) consistent with kg at the Indian Commodity Exchange (ICEX). The near month February contracts were down by means of 1.Forty nine% with a quantity of 439 lots and total trade fee of 591.24 Lakhs.

RSS three (spot) slid to Rs 111.38 (112.Sixty five) in keeping with kg at Bangkok. The February futures advanced to Rs 104.89 (102.47), March to Rs 111.90 (109.Forty nine) and April to Rs a hundred and fifteen.84 (113.Eighty) per kg on the Tokyo Commodity Exchange (TOCOM).

Spot rubber quotes (Rs/kg) have been:

RSS-4: 136.00 (137.00)

RSS-5: 130.00 (131.00)

ISNR 20: 119.50 (one hundred twenty.00) and Latex (60% drc): 86.00 (86.00)

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