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Physical Rubber prices witness some weakness on Tuesday

03 Oct 2019 Evaluate

Physical Rubber prices showed some weakness on Tuesday following sluggish demand from domestic stockists and tyre markers coupled with increased imports of the commodity. Spot prices for RSS-4 variety fell to 123.50/ kg compared to its previous closing of Rs 124.50/ kg; while the RSS-5 variety remained unchanged at Rs 121.50/kg. The markets were closed on Wednesday on account of Gandhi Jayanti.

In the futures market, October delivery fell to Rs 121.60 compared to its previous closing of Rs 124.39, while November delivery was at Rs 118 compared to its previous close of Rs 119.80 on the Indian Commodity Exchange Limited (ICEX).

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