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Spot rubber up a tad Kottayam | Updated on × Aravindan Spot rubber ended the week on a positive note on Friday. “The wide gap between the minimum support price (MSP) of RSS4 and its market price prompted certain companies and covering buyers to procure the raw material during the last couple of sessions,” a trader said. Soaring crude oil prices and yet another firm closing in Bangkok spot also added fuel to the current recovery in the market. RSS4 firmed up to ₹167.00 (165.00) per kg, according to traders and the Rubber Board. The grade improved to ₹162.00 (160.00) per kg, said dealers. The trend was mixed as ISNR20 and latex closed unchanged, while the overall volumes continued to remain low. ....
Spot rubber witnesses moderate recovery Kottayam | Updated on × 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). ....