Place rubber continued to rule regular on Monday. RSS 4 was unchanged at ₹114 a kg, in accordance to traders. “We can not expect the commodity to get better until the tyre makers occur ahead to procure the uncooked product at the prevailing concentrations,” a supplier said.
There ended up no fresh new elements to established a definite development in the current market and it shed route potentially in the absence of regional steerage as the domestic futures remained shut on ICEX owing to Ramzan Id (Idu’L Fitr).
RSS three weakened at its May futures to ₹95.sixty four (96.35) and June to ₹96.56 (98.eleven) for each kg on the Tokyo Commodity Trade (TOCOM).
Place rubber prices (₹/kg) adhere to: RSS-4: 114 (114) RSS-5: 108 (108) ISNR 20: 106 (106) and Latex (sixty% drc): eighty.fifty (eighty.fifty).
May 25, 2020
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