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Physical Rubber prices witness improvement on Tuesday

11 Dec 2019 Evaluate

Physical Rubber prices showed improvement on Tuesday due to fresh enquiries from the tyre sector. Meanwhile, likely reduction in rubber plantations in Thailand, the world's largest producer and exporter of natural rubber, also supported rubber prices’ uptrend. Spot prices for RSS-4 variety rose to Rs 132/ kg compared to its previous closing of Rs 131/ kg; while the RSS-5 variety jumped to 128/ kg compared to its previous closing of Rs 127.50/ kg.

In the futures market, December delivery traded flat to its previous closing of Rs 135.02, while January delivery was at Rs 136.40 compared to its previous close of Rs 136.65 on the Indian Commodity Exchange Limited (ICEX).

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