Spot rubber ends in the red

Joseph B. Hash

Location rubber ended in the crimson on Thursday. RSS four declined to ₹120 (121.fifty) and a hundred and twenty.fifty (121.fifty) for every kg respectively, according to traders and the Rubber Board. The exact slid to ₹116.fifty (117.fifty) for every kg as noted by the sellers. Selected tyre corporations ended up […]

Location rubber ended in the crimson on Thursday. RSS four declined to ₹120 (121.fifty) and a hundred and twenty.fifty (121.fifty) for every kg respectively, according to traders and the Rubber Board. The exact slid to ₹116.fifty (117.fifty) for every kg as noted by the sellers.

Selected tyre corporations ended up active in the current market but they kept their purchaser prices a lot below the authentic vendor quotations. This set immense strain on smaller growers to sell their produce at reduced ranges in a stress.

In futures, July contracts surrendered to ₹120.91 (121.forty seven) and August to ₹121.06 (123.01) for every kg on the Indian Commodity Trade (ICEX). The near-month July shipping and delivery was down by .forty six for every cent with a quantity of 57 loads and full trade benefit of ₹68.36 Lakhs.

RSS three improved at its July futures to ₹101.70 (one hundred and one.22) for every kg on the Tokyo Commodity Trade (TOCOM). SMR 20 firmed up to ₹87.26 (86.sixty eight ) when Latex sixty% dropped to ₹87.17 (88.40) for every kg at Kualalumpur. RSS three (location) weakened to ₹115.05 (a hundred and fifteen.fifty six) for every kg at Bangkok.

Location rubber prices (₹/kg) : RSS-four: a hundred and twenty (121.fifty) RSS-5: 117 (118) ISNR 20: 107.fifty (108) and Latex (sixty% drc): eighty five (86).

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