Dip in spot rubber prices

Location rubber dipped further more on Monday. Sustained weak point in Shanghai rubber futures continued to solid its shadow about the industry while a continual boost in Covid-19 conditions and the absence of domestic buyers held it underneath tension all through the day. The all round volumes were dull.

RSS4 declined to ₹134.50 (₹135.50) for every kg both of those at Kottayam and Kochi, in accordance to traders and the Rubber Board. The quality dropped to ₹130.50 (₹131.50) for every kg as for every sellers.

Natural rubber futures closed lessen on the Shanghai Futures Exchange (SHFE) in day-time buying and selling on Monday. In accordance to sources, the most lively January 2021 shipping and delivery in the international trendsetter went down by seventy five yuan (₹806.24) to close at twelve,465 yuan (₹133,997.22) a tonne.

Location rubber prices (₹/kg) were: RSS4:₹134.50 (₹135.50) RSS5: ₹130.00 (₹132.00) ISNR20: ₹110.00 (₹111.00) and Latex (sixty for every cent drc): ₹77.50 (₹78.00).