Spot rubber stay flat on holiday mood

Spot rubber closed unchanged on Friday. RSS-4 was quoted regular at ₹180 per kg by merchants. The grade completed flat at ₹179.50 and ₹174.50 respectively, in line with the Rubber Board and Sellers. The market was completely in a vacation temper previous to Onam.

In futures, the August supply misplaced 1.65 per cent from Thursday’s settlement worth to shut at ₹180.40 per kg with a quantity of 23 tons on the Multi Commodity Alternate (MCX).

RSS-3 (spot) declined to ₹142.44 (144.79) per kg at Bangkok. SMR 20 dropped to ₹129.32 (131.18) and Latex to ₹94.47 (94.55) a kg at Kuala Lumpur.

The pure rubber contract for the September supply was down 2.95 per cent from earlier day’s settlement worth to shut at 13,215 Yuan (₹151,221.22) a tonne with a quantity of 42,411 tons in day time buying and selling on Shanghai Futures Alternate (ShFE).

The ahead January 2022 supply shed 1.53 per cent from final day’s settlement worth to shut at ¥212.2 (₹143.96) per kg with a quantity of 518 tons on the Osaka Alternate, Japan.

Spot rubber charges (₹/kg) had been: RSS-4:180 (180); RSS-5: 177.50 (177.50); ISNR20: 166 (166) and Latex (60% drc): 130 (130).

https://www.thehindubusinessline.com/markets/commodities/spot-rubber-stay-flat-on-holiday-mood/article36022398.ece | Spot rubber keep flat on vacation temper

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