Natural Rubber Price Today In Red Zone Due To Over Supply In Markets
Natural Rubber Price Today on July contract with the Indian Commodity Exchange (ICEX) fell 1 per cent to Rs 12,181.00 per 100 kg. The December deal on the Tokyo Commodity Exchange (TOCOM) closed at 156.8 yen (about Rs 108.88) per kg, an increase of 0.7% over the previous close. Price of RSS-4, which is widely traded in Kerala rubber market and Tripura rubber market has been quoted at Rs 121 per kg. One Rupee down over the previous close.
Rubber contracts today at ICEX ended down due to lack of demand from bulk buyers and tyre companies. The concerns over supply in the market have prevented falling the prices sharply. Tapping in major growing regions of Kerala, the largest grower, has caused concern about supply in the market.
Rubber Price Today Evening Update:
|Rubber Board Price|
|Kottyam, Kochi Terminal Markets|
|RUBBER Jul20 at 11:30 AM|
|RUBBER Jul20 at 5:30 PM|
|Brent Crude Oil:||42.7||-0.4|
Uncertainty about US-China relations after recent developments.
Global Equities are in a mixed performance.
European shares fell more than one percent.
Commodities on the MCX platform have dropped drastically.
Bullion profit in international market declined in booking with Dollars.
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