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Physical Rubber prices witness improvement on Thursday

28 Aug 2020 Evaluate

Physical Rubber prices showed improvement on Thursday due to improved demand from domestic buyers against ongoing supply crunch in the market. The Association of Natural Rubber Producing Countries said global consumption is expected to grow 2.6 percent on-year in August-October, too supported rubber prices. However, reports that fresh imports of rubber from overseas would reach India by the month-end, capped some gains.

Spot prices for RSS-4 variety gained to 134/ kg compared to its previous closing of Rs 132/ kg; while the RSS-5 variety jumped to 129/ kg compared to its previous closing of Rs 127/ kg.

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