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The tire spot testifies to a moderate recovery – Current Globe News

The tire spot testifies to a moderate recovery


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The spot tire continued to rule firmly and was catalyzed by a moderate recovery in overseas markets on Thursday.

RSS4 improved to 165.00 (164.00) per kg according to retailers and rubber board.The level strengthened to 160.00 ₹ (159.00) per kg according to distributors.The trend was mixed as ISNR20 and Latex closed unchanged in the midst of boring shops.

In futures contracts, delivery in May of the month increased by 1.47 percent compared to the settled price from Wednesday and closed at 167.90 ₹ per kg with a quantity of 33 lots on the Multi Commodity Exchange (MCX).

RSS 3 (spot) improved to 165.61 ₹ (164.28) per kg in Bangkok. The most active natural rubber contract for September delivery rose 220 yuan (2,518.72 JPY) from the previous day’s settled price and stood at 14,030 yuan (.6,160,667.24) tonnes in daily trading on the Shanghai Futures Exchange (ShFE).

Wheel tire rates (₹ / kg) were: RSS4: 165.00 (164.00); RSS5: 162.00 (161.00); ISNR20: 144.50 (144.50) and latex (60 percent drc): 118.50 (118.50).

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