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Physical Rubber prices witness weakness on Thursday

26 Jun 2020 Evaluate

Physical Rubber prices showed some weakness on Thursday due to weak demand outlook from domestic buyers with caution amid corona virus pandemic. Although, ongoing supply crunch in the market capped the fall in rubber prices. Spot prices for RSS-4 variety declined to 118/ kg compared to its previous closing of Rs 119/ kg; while the RSS-5 variety fell to 114.50/ kg compared to its previous closing of Rs 115/ kg.

In the futures market, July delivery lost to Rs 118.10 compared to its previous closing of Rs 119.05, while August delivery was trading at Rs 122.50 compared to its previous close of Rs 122 on the Indian Commodity Exchange Limited (ICEX).

 

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