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Physical Rubber prices witness improvement on Tuesday

12 Dec 2018 Evaluate

Physical Rubber prices showed improvement on Tuesday. However, concerns over oversupply and sluggish demand from China, the largest importer of rubber, capped some gains. Spot prices for RSS-4 variety rose to 120/ kg compared to its previous closing of Rs 119.50/ kg; while the RSS-5 variety jumped to 116/ kg compared to its previous closing of Rs 115.50/ kg.

In the futures market, December delivery gained to Rs 124.25 compared to its previous closing of Rs 122.77, while January delivery was at Rs 125.99 compared to its previous close of Rs 124.30 on the Indian Commodity Exchange Limited (ICEX).

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