Skip to main content

MoneyWorks4Me

Physical Rubber prices witness some weakness on Thursday

20 Dec 2019 Evaluate

Physical Rubber prices showed some weakness on Thursday, driven by buyer resistance in the market following the moderate losses in global indices. Though, global rubber output is projected to be lower due to a severe pest attack in major producing countries such as Thailand, Indonesia and Malaysia, restricted its losses. Spot prices for RSS-4 variety fell to 132/ kg compared to its previous closing of Rs 132.50/ kg; while the RSS-5 variety declined to 128/ kg compared to its previous closing of Rs 129/ kg.

In the futures market, January delivery gained to Rs 133.80 compared to its previous closing of Rs 133.26, on the Indian Commodity Exchange Limited (ICEX).