Dip in spot rubber prices

Joseph B. Hash

Location rubber dipped further on Monday. Sustained weakness in Shanghai rubber futures ongoing to solid its shadow over the current market although a continual improve in Covid-19 cases and the absence of domestic buyers stored it beneath stress throughout the working day. The all round volumes were boring. RSS4 declined […]

Location rubber dipped further on Monday. Sustained weakness in Shanghai rubber futures ongoing to solid its shadow over the current market although a continual improve in Covid-19 cases and the absence of domestic buyers stored it beneath stress throughout the working day. The all round volumes were boring.

RSS4 declined to ₹134.fifty (₹135.fifty) for each kg the two at Kottayam and Kochi, in accordance to traders and the Rubber Board. The grade dropped to ₹130.fifty (₹131.fifty) for each kg as for each dealers.

Natural rubber futures closed lower on the Shanghai Futures Trade (SHFE) in working day-time investing on Monday. According to sources, the most lively January 2021 delivery in the world trendsetter went down by seventy five yuan (₹806.24) to shut at twelve,465 yuan (₹133,997.22) a tonne.

Location rubber charges (₹/kg) were: RSS4:₹134.fifty (₹135.fifty) RSS5: ₹130.00 (₹132.00) ISNR20: ₹110.00 (₹111.00) and Latex (60 for each cent drc): ₹77.fifty (₹78.00).

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