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Physical Rubber prices witness some weakness on Monday

28 Jan 2020 Evaluate

Physical Rubber prices showed some weakness on Monday following weak demand from stockists. Though, some losses were capped by ongoing supply crunch in the market. Spot prices for RSS-4 variety remained unchanged at Rs 137/ kg; while the RSS-5 variety fell to 131/ kg compared to its previous closing of Rs 132/ kg.

In the futures market, February delivery gained to Rs 135.90 compared to its previous closing of Rs 135.37, while March delivery was at Rs 138 compared to its previous close of Rs 137.38 on the Indian Commodity Exchange Limited (ICEX).

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