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Physical Rubber prices witness improvement on Wednesday

09 Jul 2020 Evaluate

Physical Rubber prices showed improvement on Wednesday due to supply crunch in the market. Further, expectations of pick-up in demand from tyre makers also supported prices. Spot prices for RSS-4 variety gained to 123/ kg compared to its previous closing of Rs 122/ kg; while the RSS-5 variety jumped to 119/ kg compared to its previous closing of Rs 118/ kg.

In the futures market, July delivery gained to Rs 125.89 compared to its previous closing of Rs 124.78, while August delivery was trading at Rs 129 compared to its previous close of Rs 128.36 on the Indian Commodity Exchange Limited (ICEX).

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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