May 30, 2024

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Dip in spot rubber prices

Spot rubber dipped even further on Monday. Sustained weak spot in Shanghai rubber futures ongoing to cast its shadow about the industry even though a constant improve in Covid-19 scenarios and the absence of domestic customers retained it underneath pressure during the working day. The in general volumes were being uninteresting.

RSS4 declined to ₹134.50 (₹135.50) for each kg both of those at Kottayam and Kochi, according to traders and the Rubber Board. The grade dropped to ₹130.50 (₹131.50) for each kg as for each dealers.

Pure rubber futures closed reduce on the Shanghai Futures Trade (SHFE) in working day-time trading on Monday. In accordance to sources, the most energetic January 2021 supply in the worldwide trendsetter went down by 75 yuan (₹806.24) to shut at twelve,465 yuan (₹133,997.22) a tonne.

Spot rubber premiums (₹/kg) were being: RSS4:₹134.50 (₹135.50) RSS5: ₹130.00 (₹132.00) ISNR20: ₹110.00 (₹111.00) and Latex (sixty for each cent drc): ₹77.50 (₹78.00).