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Physical Rubber prices witness some firmness on Monday

17 Dec 2019 Evaluate

Physical Rubber prices showed some firmness on Monday on account of higher demand from stockists and expectations of a fall in domestic output, while likely reduction in rubber plantations in the world's largest producer and exporter of natural rubber also supporting rubber prices. Spot prices for RSS-4 variety remained unchanged at Rs 132.50/ kg; while the RSS-5 variety gained to 129/ kg compared to its previous closing of Rs 128.50/ kg.

In the futures market, January delivery rose to Rs 136 compared to its previous closing of Rs 135.50, while February delivery was at Rs 138.20 compared to its previous close of Rs 137.66 on the Indian Commodity Exchange Limited (ICEX).

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