April 19, 2024

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Passion For Business

Mixed trend in rubber market

Place rubber showed mixed development on Tuesday. RSS-4 ongoing to rule continual at ₹114 and ₹115 per kg, respectively, in accordance to traders and the Rubber Board. Nonetheless, ISNR 20 shed further on incredibly low demand but latex strengthened further on enquiries from the common rubber products sector. Total volumes have been low.

In futures, June contracts enhanced to ₹116.65 (113.36) and July to ₹116.03 (112.eighty) per kg on the Indian Commodity Trade (ICEX). The in close proximity to thirty day period July was up by 2.ninety per cent with a quantity of eighty five lots and overall trade value of ₹98.seventeen lakh.

RSS-3 (location) weakened to ₹106.31 (106.sixty three) per kg at Bangkok. Its June futures firmed up to ₹97.04 (ninety six.fifty six) and July to ₹101.89 (a hundred and one.45) on the Tokyo Commodity Trade (TOCOM).

Place rubber fees (₹/kg): RSS-4: 114 (114) RSS-5: 108 (108) ISNR 20: a hundred and five (106) and Latex (60% drc): eighty two (eighty.fifty).

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