Skip to main content

MoneyWorks4Me

Physical Rubber prices remain unchanged on Friday

07 Nov 2020 Evaluate

Physical Rubber prices remained unchanged on Friday due to profit booking from domestic buyers after a recent surge in prices. Further, concerns over surging corona virus pandemic cases across the globe and weakness in crude oil prices too added pressure on rubber prices. While, supply crunch coupled with strong demand from tyre makers supported rubber prices.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 154/ kg and Rs 146/ kg respectively.