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Physical Rubber prices witness some weakness on Wednesday

28 Jan 2021 Evaluate

Physical Rubber prices showed some weakness on Wednesday, despite firmness in domestic futures. Further, lack of bulk buyers in the market following surging Covid-19 cases globally put pressure on rubber prices. Spot prices for RSS-4 variety fell to 151/ kg compared to its previous closing of Rs 151.50/ kg; while the RSS-5 variety remained unchanged at Rs 144/ kg.

In the futures market, February delivery gained to Rs 151.90 compared to its previous closing of Rs 150.94 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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