Spot rubber prices drop
State remain under pressure as the lockdown restrictions were extended
Spot rubber closed weak on Monday. The market opened firm but lost the initial gains tracking the sharp declines in domestic futures and global trendsetters. Sentiments continued to remain under pressure as the lockdown restrictions were extended to 9 June though the Test Positivity Rate (TPR) in the State dipped further to 15.97 per cent on Sunday 30 May.
RSS4 dropped to ₹171.00 (172.00) per kg according to traders and the Rubber Board. The grade slid to ₹166 (167.00) per kg as per Dealers. The trend was partially mixed as ISNR20 finished flat amidst dull volumes.
Supply concerns lift spot rubber
May 17, 2021
Sheet rubber and latex made considerable gains
Spot rubber bounced back on Monday. RSS-4 improved to ₹172 (169) per kg, according to traders and the Rubber Board. The market regained strength mainly on supply concerns coupled with bargain hunting at lower levels.
However, the growing number of active Covid-19 cases in the State continued to raise concerns over demand.
In futures, the front month May delivery was down 0.13 per cent from Friday’s settlement price to close at ₹175.60 per kg with a volume of 46 lots on the Multi Commodity Exchange (MCX).
RSS 3 (spot) slid to ₹170.93 (171.10) per kg at Bangkok. SMR 20 declined to ₹121.36 (125.54 ) and Latex to ₹114.69 (116.46) per kg at Kuala Lumpur.