Physical Rubber prices showed some firmness on Monday, supported by rising demand from domestic stockists along with ongoing supply crunch in the market. Moreover, expectations of a fall in global production due to a severe pest attack in major producing countries such as Thailand, Indonesia and Malaysia also supported rubber prices’ uptrend. Spot prices for RSS-4 variety gained to 130.50/ kg compared to its previous closing of Rs 130/ kg; while the RSS-5 variety remained unchanged at Rs 128/ kg.
In the futures market, December delivery gained to Rs 133.15 compared to its previous closing of Rs 132.90, while January delivery was at Rs 134.55 compared to its previous close of Rs 134.28 on the Indian Commodity Exchange Limited (ICEX).