Mixed trend in rubber
April 20, 2021
RSS 5 and Latex slip despite low arrivals Spot rubber closed unchanged on Tuesday. A moderate recovery in domestic and overseas futures kept sentiments visibly neutral though the deep concern over an increase in number of coronavirus cases continued to cast its shadow over the market.
The trend was partially mixed as RSS 5 and Latex lost further despite low arrivals.
RSS 4 finished flat at ₹164 per kg, according to traders and the Rubber Board. The grade was quoted steady at ₹159 by dealers. In futures, the front month April delivery improved 1.05 per cent from Monday’s settlement price to close at ₹159.51 per kg with a volume of 45 lots on the Multi Commodity Exchange (MCX).
Covid second wave saps rubber
April 19, 2021
Sheet rubber slips to ₹164/kg Spot rubber fell in tandem with the heavy losses in domestic futures on Monday. The second wave of Covid-19 is getting worse, making both stock and commodity markets more risky.
The re-imposition of lockdowns in highly infected areas and the sharp decline in investors’ wealth have affected trading in commodities very badly.
RSS-4 declined to ₹164 (166.50) per kg, according to traders and the Rubber Board. The grade finished flat at ₹159 (161.50), according to dealers. The volumes were low.
In futures, the front month April delivery shed 4.78 per cent from Friday’s settlement price to close at ₹157.25 per kg with a volume of 82 lots on the Multi Commodity Exchange (MCX).
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