Commodity News
HeadLine : Spot rubber gains strength
Date : Aug 4 2020
In the domestic scene, tapping has come to a temporary halt following widespread rains all over the plantation areas. This may lead to another decline in arrivals while the market is suffering from an acute shortage of the raw material since the Covid-19 outbreak. SS4 improved to Rs.132.00 (Rs.131.00) per kg according to traders and the Rubber Board. The grade firmed up to Rs.128.00 (Rs.127.00) per kg as quoted by the Dealers. We expect the market to hit further highs once the tyre makers return with revised quotes, an observer said. The trend was mixed as ISNR 20 and latex finished flat amidst low volumes. RSS 4 improved at its August futures to Rs.133.97 (Rs.131.29) per kg on the Indian Commodity Exchange (ICEX). The contracts were up by 2.04 per cent with a volume of 22 lots and total trade value of Rs.29.45 Lakh. RSS 3 (spot) firmed up to Rs.120.11 (Rs.117.95) per kg at Bangkok. SMR 20 weakened to Rs.92.83 (Rs.93.92) and Latex 60% to Rs.82.26 (Rs.82.54) per kg at Kualalumpur

Source : Business Line
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