Dip in arrivals, higher oil prices lift rubber

Spot rubber ended in green on Tuesday. RSS 4 improved to ₹160.50 (160) per kg, according to traders and the Rubber Board. The grade was quoted marginally higher at ₹156.50 (156) by dealers.

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In futures, the natural rubber contract for February delivery firmed up from Monday’s settlement price to ₹163.50 (162.71) per kg on the Multi Commodity Exchange (MCX).

RSS 3 (spot) improved to ₹177.88 (174.84) per kg at Bangkok. SMR 20 firmed up to ₹131.03 (128.99) and Latex to ₹114.82 (111.31) at Kuala Lumpur.

The most active natural rubber contract for May delivery was up 125 Yuan (₹1,401.93) from previous day’s settlement price to close at 16,020 Yuan (₹179,683.44) a tonne in day time trading on Shanghai Futures Exchange (ShFE).

Spot rubber rates (₹/kg): RSS 4:160.50 (160); RSS 5: 155.50 (155); ISNR20: 148 (146) and Latex (60% drc): 122.50 (121).