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Physical Rubber prices witness firmness on Wednesday

16 May 2019 Evaluate

Physical Rubber prices showed firmness on Wednesday due to improved demand from domestic stockists against ongoing supply crunch in the market. Spot prices for RSS-4 variety rose to Rs 134.50/ kg compared to its previous closing of Rs 134/ kg; while the RSS-5 variety gained Rs 132/ kg compared to its previous closing of Rs 131/ kg.

In the futures market, June delivery rose to Rs 137.75 compared to its previous closing of Rs 136.20, while July delivery was at Rs 139.31 compared to its previous close of Rs 138.41 on the Indian Commodity Exchange Limited (ICEX).

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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