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Spot rubber gains on supply concerns

Spot rubber gains on supply concerns

Wed July 11 2018


Spot rubber made all-round gains on Wednesday as supply concerns and widespread rains initiated a visible buying pressure in the market. RSS 4 improved to `128 (127.50) a kg, as reported by the traders and the Rubber Board. The overall volumes were low.


July futures firmed up to `129.45 (128.76) and August to `129.68 (129.42) on the National Multi Commodity Exchange (NMCE). RSS 3 (spot) inched up to `104.05 (103.89)at Bangkok. Its July futures slid to `102.04 (102.73) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (`/kg) were: RSS-4: 128 (127.50); RSS-5: 125.50 (125); ISNR 20: 127 (125.50) and Latex (60% drc): 82.50 (82.50).


Source: Hindu business line.

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