Mixed trend in rubber
April 08, 2021
Spot rubber finished flat on Thursday. The market managed to sustain at the prevailing levels despite a weak closing in domestic futures and overseas trendsetters as most growers were unwilling to sell their produce in panic, a trader said.
The commodity is stabilising above the minimum support price (MSP) and we expect it to regain strength once the global indices recover from the ongoing corrective phase, he added.
RSS 4 closed unchanged at ₹171 a kg as per traders and the Rubber Board. The grade was quoted steady at ₹166 by dealers. The trend was partially mixed as ISNR 20 lost marginally on buyer resistance.
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