Physical Rubber prices showed some firmness on Thursday on enquiries from the non tyre sector. Rubber prices improved further by fall in arrivals and strong demand from domestic stockists, while global output is expected to fall due to a severe pest attack in major producing countries like Thailand, Indonesia and Malaysia also supported rubber prices’ uptrend. Spot prices for RSS-4 variety remained unchanged at Rs 129.50/ kg; while the RSS-5 variety gained to 127/ kg compared to its previous closing of Rs 126.50/ kg.
In the futures market, December delivery gained to Rs 131.95 compared to its previous closing of Rs 131.44, while January delivery was at Rs 133.50 compared to its previous close of Rs 132.23 on the Indian Commodity Exchange Limited (ICEX).
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