India spot rubber firmed up further despite a weak closing in domestic futures on Wednesday. RSS 4 improved to ₹120 (119) per kg according to traders and the.Rubber Board. Certain companies from the non-tyre sector were buying sheet rubber at the prevailing levels.
The market made all-round gains on fresh buying and short covering while the inflow of the raw material continued to remain low.
RSS 4 weakened at its June futures to ₹120.67 (122.82) and July to ₹122.79 (124.89) per kg on the Indian Commodity Exchange (ICEX). June contracts were down by 1.75% with a volume of 66 lots and total trade value of ₹80.02 lakhs.
RSS 3 declined at its June futures to ₹90.27 (93.19) and July to ₹97.08 (98.85) per kg on the Tokyo Commodity Exchange (TOCOM). SMR 20 dropped to ₹85.71 (85.85) while latex 60% improved to ₹83.27 (82.27) per kg at Kuala Lumpur.
