Spot rubber remain unchanged – The Hindu BusinessLine

Location rubber shut unchanged on Thursday. While the arrivals confirmed no improvement until date, the

Location rubber shut unchanged on Thursday. While the arrivals confirmed no improvement until date, the lower availability did not drive costs up as a sluggish down in need retained them neutral regardless of a reasonable recovery in overseas indices.

RSS4 was quoted steady at ₹169.00 for each kg by traders and the Rubber Board. The quality finished flat at ₹164.00 for each kg according to Sellers. The marketplace continued to continue to be a limited assortment during the session and finished in a stalemate consecutively for the third day with a sharp drop in volumes.

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

The all-natural rubber contract for the September shipping was up a hundred and eighty Yuan (₹2064.87) from preceding day’s settlement price to shut at thirteen,010 Yuan (₹149,251.twenty) a tonne with a volume of 350,064 tons in day time investing on Shanghai Futures Exchange (ShFE).

The November futures for RSS3 gained 1.forty five for each cent to shut at 237.5 Yen (₹159.00) for each kg with a volume of 927 tons on the Osaka Exchange, Japan.

RSS three (location) inched up to ₹152.seventy two (152.sixty six) for each kg at Bangkok. SMR twenty improved to ₹123.46 (122.ninety four) and Latex to ₹99.86 (ninety nine.forty four) for each kg at Kualalumpur.

Location rubber prices (₹/kg) were being: RSS4:169.00 (169.00) RSS5: 167.00 (166.50) ISNR20: 156.50 (156.50) and Latex (sixty for each cent drc): 119.50 (119.50).