On May 21, RSS 4 spot rubber closed flat at Rs 115/kg ($1.51/kg) according to the Rubber Board. Meanwhile, latex prices rose due to demand from the general rubber goods sector, with Latex (60%) at Rs 80.30/kg ($1.06/kg)
Domestic tire manufacturers will need to buy rubber before the rainy season, but the uncertainty prevailing in the market and lack of tire demand is slowing sales of the commodity, despite the fall in NR prices
On the ICEX (Indian Commodity Exchange) June contracts rose to Rs 113.9/kg ($1.5/kg) and July to Rs114.3/kg. The near month July was up by 1.68% with a volume of 81 lots and total trade value of Rs 91.90 Lakhs.
Meanwhile, on the TOCOM (Tokyo Commodities Exchange) May futures fell to $1.29/kg and June to $1.32/kg. In Bangkok, RSS 3 (spot) fell to $1.39/kg and in Kuala Lumpur, SMR20 dropped to $1.12/kg but Latex 60% was up at $1.03/kg. At noon on May 22, SMR20 was down at $1.10/kg.