Spot rubber remain unchanged – The Hindu BusinessLine

Place rubber shut unchanged on Thursday. Nevertheless the arrivals showed no advancement till date, the small availability did not generate rates up as a gradual down in demand saved them neutral inspite of a moderate recovery in overseas indices.

RSS4 was quoted regular at ₹169.00 for each kg by traders and the Rubber Board. The grade completed flat at ₹164.00 for each kg in accordance to Sellers. The market ongoing to continue to be a restricted variety through the session and ended in a stalemate consecutively for the third day with a sharp decline in volumes.

In futures, the front month June delivery was down .74 for each cent from Wednesday’s settlement price to close at ₹166.10 for each kg with a volume of 12 heaps on the Multi Commodity Trade (MCX).

The organic rubber contract for the September delivery was up one hundred eighty Yuan (₹2064.87) from past day’s settlement price to close at 13,010 Yuan (₹149,251.twenty) a tonne with a volume of 350,064 heaps in day time trading on Shanghai Futures Trade (ShFE).

The November futures for RSS3 gained one.forty five for each cent to close at 237.five Yen (₹159.00) for each kg with a volume of 927 heaps on the Osaka Trade, Japan.

RSS 3 (location) inched up to ₹152.seventy two (152.66) for each kg at Bangkok. SMR twenty improved to ₹123.forty six (122.94) and Latex to ₹99.86 (ninety nine.forty four) for each kg at Kualalumpur.

Place rubber prices (₹/kg) ended up: RSS4:169.00 (169.00) RSS5: 167.00 (166.50) ISNR20: 156.50 (156.50) and Latex (60 for each cent drc): 119.50 (119.50).