Spot rubber prices drop
State remain under pressure as the lockdown restrictions were extended
Spot rubber closed weak on Monday. The market opened firm but lost the initial gains tracking the sharp declines in domestic futures and global trendsetters. Sentiments continued to remain under pressure as the lockdown restrictions were extended to 9 June though the Test Positivity Rate (TPR) in the State dipped further to 15.97 per cent on Sunday 30 May.
RSS4 dropped to ₹171.00 (172.00) per kg according to traders and the Rubber Board. The grade slid to ₹166 (167.00) per kg as per Dealers. The trend was partially mixed as ISNR20 finished flat amidst dull volumes.
Spot rubber witnesses moderate recovery
Kottayam |
Updated on
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Aravindan Spot rubber continued to rule firm catalysed by a moderate recovery in overseas markets on Thursday.
RSS4 improved to ₹165.00 (164.00) per kg according to traders and the Rubber Board. The grade firmed up to ₹160.00 (159.00) per kg as per Dealers. The trend was mixed as ISNR20 and Latex closed unchanged amid dull trades.
In futures, the near month May delivery was up 1.47 per cent from Wednesday’s settlement price to close at ₹167.90 per kg with a volume of 33 lots on the Multi Commodity Exchange (MCX).
RSS 3 (spot) improved to ₹165.61 (164.28) per kg at Bangkok. The most active natural rubber contract for September delivery was up 220 Yuan (₹2,518.72) from previous day’s settlement price to close at 14,030 Yuan (₹160,667.24) a tonne in day time trading on Shanghai Futures Exchange (ShFE).
Spot rubber ended in green on Friday. RSS 4 concluded at ₹168 (166) per kg, according to traders and the Rubber Board. The grade firmed up to ₹163 (161) as reported by the Dealers. There were no quant
Spot rubber closed unchanged on Friday. RSS 4 was quoted steady at ₹160 per kg by traders and the Rubber Board. The grade finished flat at ₹155, according to dealers. The trend continued to remain mix
Fresh buying lifts rubber
February 22, 2021
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Spot rubber explored further highs on Monday. The commodity resumed the upward journey on fresh buying and short covering tracking the overall gains in major overseas markets and domestic futures on MCX.
According to observers, certain companies bought sheet rubber up to the prevailing levels during late trading hours.
RSS 4 firmed up to ₹160 (158) per kg, according to traders and the Rubber Board. The grade improved to ₹156 (154), as per dealers.
In futures, the natural rubber contract for February delivery firmed up to ₹163.50 (161.84) per kg on the Multi Commodity Exchange (MCX).
RSS 3 (spot) flared up to ₹174.84 (171.00) per kg at Bangkok. SMR 20 improved to ₹128.99 (123.09) and Latex to ₹111.31 (107.87) per kg at Kuala Lumpur.