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Physical Rubber prices witness some improvement on Tuesday

16 Sep 2020 Evaluate

Physical Rubber prices showed some improvement on Tuesday, despite sluggish demand from tyre makers as the production of automobiles has been severely hit due to the corona virus lockdown. While, the Association of Natural Rubber Producing Countries has lowered its forecast for global rubber output in 2020 to 13.15 million tons, down 4.9% from the previous year.

Spot prices for RSS-4 variety remained unchanged at Rs 133/ kg; while the RSS-5 variety gained to 128/ kg compared to its previous closing of Rs 127.50/ kg.

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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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