November 27, 2022

Paull Ank Ford

Business Think different

Dip in spot rubber prices

Place rubber dipped even further on Monday. Sustained weak point in Shanghai rubber futures continued to solid its shadow above the current market though a continuous maximize in Covid-19 conditions and the absence of domestic prospective buyers retained it underneath strain during the day. The in general volumes have been boring.

RSS4 declined to ₹134.50 (₹135.50) per kg equally at Kottayam and Kochi, according to traders and the Rubber Board. The quality dropped to ₹130.50 (₹131.50) per kg as per dealers.

Natural rubber futures shut lower on the Shanghai Futures Exchange (SHFE) in day-time buying and selling on Monday. In accordance to sources, the most lively January 2021 delivery in the world trendsetter went down by seventy five yuan (₹806.24) to near at 12,465 yuan (₹133,997.22) a tonne.

Place rubber costs (₹/kg) have been: RSS4:₹134.50 (₹135.50) RSS5: ₹130.00 (₹132.00) ISNR20: ₹110.00 (₹111.00) and Latex (60 per cent drc): ₹77.50 (₹78.00).