prices

Spot rubber prices drop – The Hindu BusinessLine

Spot rubber closed lower on Tuesday. “Supplies to the local trading houses have increased as tapping is in full swing,” said a dealer.

“We are almost at the last  phase of the peak production season which normally ends at January and prices are expected to recover after that when the arrivals begin to fall,” dealer added.

As coronavirus cases are increasing globally, speculative investors are compelled to stay away from riskier assets including commodities and stocks, according to Jom Jacob, Analyst in Global Rubber Market and Former Senior Economist at Association of Natural Rubber Producing Countries (ANRPC). 

RSS 4 declined to Rs 150 (151) per kg, according to traders and the Rubber Board. The grade dropped to Rs 146 (147) per kg, as per dealers.

In futures, the front month January delivery improved by 0.12 per cent to Rs 152.86 (152.67) per kg on the Multi Commodity Exchange (MCX).

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