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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. ....
Fresh enquiries lift spot rubber May 03, 2021 Shortage of raw material boosts prices Spot rubber continued to regain strength on Monday. The market made all-round gains on fresh enquiries coupled with short covering during the latter half of the trading session. The absence of global guidance as major overseas markets were on long holidays and an alarming increase in Covid-19 cases failed to make any impact on the commodity. “The market is suffering from an acute shortage of the raw material and we expect it to cross ₹170 once again with in a couple of sessions”, a trader told BusinessLine. “Auto makers are also struggling with this pandemic induced shortage of rubber, and may prefer to remain buyers until they feel comfortable with their stock piles.” ....
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). ....
Holiday mood in market keeps spot rubber flat April 05, 2021 Spot rubber closed unchanged on Monday. The market ended in a stalemate as most traders continued to remain in a holiday mood even after Easter since Kerala Assembly elections will be held in a single phase on April 6. Another firm closing in domestic futures also failed to make any visible impact in the physical market. “The commodity is expected to remain range-bound with an upward bias this week as major consuming industries are likely to maintain a wait and watch policy during the initial days of the new financial year,” analysts said. ....
Spot rubber breaches the ₹170/kg mark Kottayam | Updated on × Spot rubber continued the bull run despite a weak closing in overseas markets on Tuesday. The commodity managed to break above the much awaited 170 level on fresh buying and short covering during late trading hours. “It was important for the market to sustain above the Minimum Support Price to move towards a new high,” an observer told BusinessLine. RSS 4 improved to ₹171 (170) per kg, according to traders and the Rubber Board. The grade was quoted firm at ₹166 (165) by dealers. In futures, the March delivery was up 0.75% from Monday’s settlement price to close at ₹172.30 a kg on the Multi Commodity Exchange (MCX). ....