May 30, 2024


Passion For Business

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).