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Physical Rubber prices witness some weakness on Friday

28 Jan 2019 Evaluate

Physical Rubber prices showed some weakness on Friday on account of buyer resistance in the market. Spot prices for RSS-4 variety remained unchanged at Rs 124.50/kg; while the RSS-5 variety declined to Rs 119/kg compared to its previous closing of Rs 120/kg.

In the futures market, February delivery fell to Rs 123.85 compared to its previous closing of Rs 123.94, while March delivery was at Rs 125.98 compared to its previous close of Rs 125.83 on the Indian Commodity Exchange Limited (ICEX).