Physical Rubber prices witness some firmness on Wednesday

05 Mar 2020 Evaluate

Physical Rubber prices showed some firmness on Wednesday, tracking an ongoing supply crunch in the market amid renewed demand from domestic stockists. Hopes of improved demand from tyre makers also supported the prices. Spot prices for RSS-4 variety remained unchanged at Rs 134.50/kg; while the RSS-5 variety jumped to 128.50/ kg compared to its previous closing of Rs 128/ kg.

In the futures market, March delivery fell to Rs 132.60 compared to its previous closing of Rs 132.84, while April delivery was at Rs 135.98 compared to its previous close of Rs 136.21 on the Indian Commodity Exchange Limited (ICEX).

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