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Physical Rubber prices witness improvement on Tuesday

15 Jan 2020 Evaluate

Physical Rubber prices showed improvement on Tuesday due to rising demand from domestic stockists against ongoing supply crunch in the market. Fall in rubber imports too supported rubber prices’ uptrend. Rubber prices gained further on expectations that the tyre companies would come forward to procure the raw material soon. Spot prices for RSS-4 variety rose to Rs 136/ kg compared to its previous closing of Rs 135/ kg; while the RSS-5 variety jumped to 131/ kg compared to its previous closing of Rs 130/ kg.

In the futures market, February delivery fell to Rs 139.79 compared to its previous closing of Rs 140.12, while March delivery was at Rs 142.60 compared to its previous close of Rs 142.73 on the Indian Commodity Exchange Limited (ICEX).

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