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Physical Rubber prices witness improvement on Monday

19 Jan 2021 Evaluate

Physical Rubber prices showed improvement on Monday, supported by firm demand from bulk buyers in the market. Further, optimism for a swift global economic recovery and US stimulus package too supported rubber prices. Spot prices for RSS-4 variety gained to 153/ kg compared to its previous closing of Rs 152/ kg; while the RSS-5 variety rose to 144/ kg compared to its previous closing of Rs 142/ kg.

In the futures market, February delivery gained to Rs 156.20 compared to its previous closing of Rs 155.54 on the Indian Commodity Exchange Limited (ICEX).