March contracts ended up down .09 percent from past day’s settlement price
Place rubber was quoted unchanged with an upward bias on Tuesday. RSS4 finished flat at ₹168.00 and ₹167.50 for every kg respectively according to traders and the Rubber Board. The market opened weak pursuing the decrease in international trendsetters mostly TOCOM throughout early trades but managed to maintain at Monday’s degrees next the enquiries from the tyre sector.
A top tyre-maker purchased RSS4 at the Rubber Board price for quick cash but they could not procure the desired quantity owing to limited provides. The craze was partly combined as latex enhanced further more on sustained demand but the total volumes ended up lower
In futures, the most lively March contracts ended up down .09 per cent from past day’s settlement price tag to near at ₹167.85 for every kg with a quantity of 11 a lot on the Multi Commodity Exchange (MCX).
RSS3 (location) weakened to ₹170.33 (171.18) per kg at Bangkok. SMR20 firmed up to ₹135.39 (133.35) and Latex to ₹132.30 (131.83) for every kg at Kualalumpur.
The organic rubber deal for the May perhaps 2022 shipping and delivery was down 100 Yuan (.73 %) from prior day’s settlement value to near at 13.64 Yuan (₹166.09) per kg with a volume of 268,893 tons in daytime trading on Shanghai Futures Exchange (ShFE).
Location rubber prices (Rs/kg) ended up: RSS4: 168.00 (168.00), RSS5: 166.00 (166.00), ISNR20: 160.00 (160.00) and Latex (60% drc): 121.50 (120.50)
March 08, 2022