Physical Rubber prices showed some firmness on Monday as continued supply crunch in the market outweighed sluggish demand from domestic stockists and tyre makers. Spot prices for RSS-4 variety remained unchanged at Rs 130/kg; while the RSS-5 variety rose to 125.50/ kg compared to its previous closing of Rs 125/ kg.
In the futures market, April delivery gained to Rs 128.50 compared to its previous closing of Rs 128.03, while May delivery was at Rs 129.90 compared to its previous close of Rs 130.01 on the Indian Commodity Exchange Limited (ICEX).
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