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Physical Rubber prices witness improvement on Thursday

30 Nov 2018 Evaluate

Physical Rubber prices showed improvement on Thursday due to some buying from tyre companies. However, some gains were capped by further fall in the prices of crude oil, which could weigh on rubber prices as former is used to manufacture synthetic rubber. Spot prices for RSS-4 variety rose to 119/ kg compared to its previous closing of Rs 118.50/ kg; while the RSS-5 variety jumped to 115.50/ kg compared to its previous closing of Rs 115/ kg.

In the futures market, December delivery improved to Rs 121.80 compared to its previous closing of Rs 121.09, while January delivery was at Rs 122.50 compared to its previous close of Rs 122.31 on the Indian Commodity Exchange Limited (ICEX).

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