June 19, 2024

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Spot rubber rules steady – The Hindu BusinessLine

Spot rubber continued to rule continuous on Monday. RSS 4 was unchanged at ₹114 a kg, according to traders. “We can not expect the commodity to recuperate unless the tyre makers arrive ahead to procure the uncooked content at the prevailing degrees,” a seller claimed.

There were no refreshing variables to set a definite development in the marketplace and it dropped direction possibly in the absence of neighborhood guidance as the domestic futures remained shut on ICEX owing to Ramzan Id (Idu’L Fitr).

RSS 3 weakened at its May well futures to ₹95.64 (ninety six.35) and June to ₹96.56 (98.11) for every kg on the Tokyo Commodity Exchange (TOCOM).

Spot rubber charges (₹/kg) abide by: RSS-4: 114 (114) RSS-5: 108 (108) ISNR 20: 106 (106) and Latex (sixty% drc): eighty.fifty (eighty.fifty).

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