Rubber extends losses amid Covid 2.0 concerns: How to trade

Rubber extends losses amid Covid 2.0 concerns: How to trade
SECTIONS
Share
Synopsis
The March 31 contract quoted at Rs 16,200, down Rs 551 or 3.29 per cent from its previous close. In the spot market, rubber quoted at Rs 16,157 per quintal at last count, down Rs 187 or 3.30 per cent from its previous close.
iStock
Rubber has fallen sharply in the past few sessions, retreating 8.67 per cent from the year's highest level so far logged on April 5.
Related
Rubber prices on Monday tanked more than 4 per cent amid thin trade, as a surge in Covid-19 infections added to concerns about business activity and overall economic recovery. MCX rubber for April delivery traded Rs 664 or 4.02 per cent down at Rs 15,850 per 100 kg in afternoon deals. Earlier on Monday, it had moved in a Rs 602 range between Rs 15,600 and Rs 16,202 against its previous close at Rs 16,514 per quintal.

Related Keywords

China , Ajay Kedia , Research Analyst , Mumbai Based Kedia , Anuv Pai , Analysts , Geojit Financial Services , Mcx , Crude Oil , Steady Demand , Mcx Rubber , Rubber Prices , சீனா , அஜய கெடிய , ஆராய்ச்சி ஆய்வாளர் , ஆய்வாளர்கள் , ஜியோஜித் நிதி சேவைகள் , ம்க்க்ஷ , கச்சா எண்ணெய் , நிலையான தேவை , ரப்பர் ப்ரைஸஸ் ,