July 22, 2024

txinter

Expect exquisite business

Spot rubber rules steady – The Hindu BusinessLine

Spot rubber ongoing to rule constant on Monday. RSS 4 was unchanged at ₹114 a kg, according to traders. “We can not be expecting the commodity to recuperate except the tyre makers arrive ahead to procure the uncooked product at the prevailing levels,” a dealer mentioned.

There had been no clean aspects to set a definite trend in the market and it misplaced way potentially in the absence of local guidance as the domestic futures remained closed on ICEX owing to Ramzan Id (Idu’L Fitr).

RSS three weakened at its May possibly futures to ₹95.64 (ninety six.35) and June to ₹96.fifty six (ninety eight.11) for each kg on the Tokyo Commodity Trade (TOCOM).

Spot rubber charges (₹/kg) observe: RSS-4: 114 (114) RSS-five: 108 (108) ISNR twenty: 106 (106) and Latex (60% drc): 80.fifty (80.fifty).

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May possibly 25, 2020

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