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MoneyWorks4Me

Physical Rubber prices witness firmness on Friday

16 Mar 2019 Evaluate

Physical Rubber prices showed firmness on Friday. The market regained strength on bargain buying by market participants after a recent fall in prices and on expectations of a rise in demand from domestic tyre makers. Though, expectations of a rise in rubber imports capped some gains.

Spot prices for RSS-4 variety rose to Rs 128/ kg compared to its previous closing of Rs 127.50/ kg; while the RSS-5 variety gained Rs 124.50/ kg compared to its previous closing of Rs 124/ kg.