The rubber spot was in a mixed mood on Monday. RSS 4 continued to close unchanged at â¹ 172 per kg, according to traders and the Rubber Board.
According to reports, foreclosure restrictions continued to weigh on sentiment, although tight supplies should extend further price support. Meanwhile, RSS 5 and ISNR 20 regained strength, mainly driven by bargain hunting at lower levels, responding closely to global signals and domestic supply concerns.
In futures, May delivery fell 0.64% from Friday’s settlement price to close at â¹ 168 per kg with 40 lots volume on the Multi Commodity Exchange (MCX).
RSS 3 (spot) improved to â¹ 172.37 (171.45) per kg in Bangkok. SMR 20 weakened to â¹ 122.93 (123.20), while latex firmed up to â¹ 114.77 (114.58) per kg in Kuala Lumpur.
The natural rubber contract for June delivery was up 165 yuan (â¹ 1,872.10) from the previous day’s settlement price to close at 13,500 yuan (â¹ 153,172.45) per tonne with a volume of 82 lots and an open interest of 363 lots during the day on the Shanghai Futures Exchange (ShFE).
Spot rubber rate (â¹ / kg): RSS 4: 172 (172); RSS 5: 169.50 (169); ISNR20: 155 (154) and Latex (60% drc): 128 (128).
The Rubber Board is hosting an online training program on rubber diseases and pests and their control measures on May 31 from 2:30 p.m. to 4:30 p.m. The medium of instruction will be Malayalam. The training fee is â¹ 119 (including 18 percent GST and 1 percent flooding) for Keralites without GST registration and â¹ 118 for non-Keralites and Keralites with a GST registration.
Interns can pay the fees directly to Central Bank of India Account No. 1450300184 (IFS Code-CBIN 0284150 in favor of Director, Training, Rubber Board, Kottayam. For more details contact by phone: 0481- 2353127 or WhatsApp 7994650941. Email: [email protected]