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Physical Rubber prices witness firmness on Monday

02 Jun 2020 Evaluate

Physical Rubber prices showed firmness on Monday due to lower arrivals in the market. Rubber prices improved further on news that India may impose anti-dumping duty on imports of a certain type of rubber used in various industries. Spot prices for RSS-4 variety rose to 118/ kg compared to its previous closing of Rs 117.50/ kg; while the RSS-5 variety rose to 113/ kg compared to its previous closing of Rs 111/ kg.

In the futures market, June delivery gained to Rs 121.35 compared to its previous closing of Rs 121.13, on the Indian Commodity Exchange Limited (ICEX).

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