Physical Rubber prices witness some weakness on Saturday

02 Mar 2020 Evaluate

Physical Rubber prices showed some weakness on Saturday due to dull demand in the market. Further, concerns over the spreading of corona virus outbreak that could hurt the global economy also added pressure on rubber prices. Spot prices for RSS-4 variety declined to 134.50/ kg compared to its previous closing of Rs 135/ kg; while the RSS-5 variety remained unchanged at Rs 129/kg.

In the futures market, March delivery gained to Rs 132.70 compared to its previous closing of Rs 132.20, while April delivery was at Rs 135.60 compared to its previous close of Rs 134.98 on the Indian Commodity Exchange Limited (ICEX).

© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.