Mixed trend in rubber market

Jannie Delucca

Place rubber showed mixed development on Tuesday. RSS-4 continued to rule constant at ₹114 and ₹115 per kg, respectively, in accordance to traders and the Rubber Board. Nonetheless, ISNR twenty dropped further on very very low demand from customers but latex strengthened further on enquiries from the common rubber items sector. All round volumes were very low.

In futures, June contracts enhanced to ₹116.sixty five (113.36) and July to ₹116.03 (112.eighty) per kg on the Indian Commodity Exchange (ICEX). The around thirty day period July was up by 2.ninety per cent with a volume of 85 a lot and whole trade worth of ₹98.seventeen lakh.

RSS-three (location) weakened to ₹106.31 (106.sixty three) per kg at Bangkok. Its June futures firmed up to ₹97.04 (ninety six.fifty six) and July to ₹101.89 (one zero one.45) on the Tokyo Commodity Exchange (TOCOM).

Place rubber costs (₹/kg): RSS-4: 114 (114) RSS-5: 108 (108) ISNR twenty: a hundred and five (106) and Latex (60% drc): eighty two (eighty.50).

Revealed on May possibly 26, 2020

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