Physical Rubber prices showed firmness on Thursday as the overall sentiment remained bullish due to an ongoing supply crunch in the market following expectation of lower domestic output and fall in imports improved sentiment. Spot prices for RSS-4 variety gained to 138/ kg compared to its previous closing of Rs 137/ kg; while the RSS-5 variety jumped to 132.50/ kg compared to its previous closing of Rs 132/ kg.
In the futures market, March delivery lost to Rs 139.21 compared to its previous closing of Rs 139.48, while April delivery was at Rs 142.01 compared to its previous close of Rs 142.44 on the Indian Commodity Exchange Limited (ICEX).