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Physical Rubber prices witness some weakness on Saturday

31 Dec 2018 Evaluate

Physical Rubber prices showed some weakness on Saturday on account of buyer resistance in the market. Spot prices for RSS-4 variety remained unchanged at Rs 124/kg; while the RSS-5 variety declined to Rs 120/kg compared to its previous closing of Rs 121/kg.

In the futures market, January delivery fell to Rs 124.47 compared to its previous closing of Rs 125.01, while February delivery was at Rs 126.51 compared to its previous close of Rs 126.72 on the Indian Commodity Exchange Limited (ICEX).