Physical rubber prices made some recovery on Tuesday backed by some covering purchase at the lower levels. The gains in domestic futures market too supported the commodity. Meanwhile, the Association of Natural Rubber Producing Countries has said that sentiment in the natural rubber market could improve from February on lower supply but the gain could be limited by sluggish demand and lack of support from speculators.
Spot prices for RSS-4 variety closed at Rs 188.50/kg compared to its previous closing of Rs 186.50/kg; while the RSS-5 variety remained unchanged at Rs 181/kg.
In the futures market, the contract for RSS 4 for January delivery closed at Rs 191.59 compared to its previous closing of Rs 190.58, while the contract for February delivery closed at Rs 195.30 compared to its previous closing of Rs194.08 on the National Multi Commodity Exchange.
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