Physical Rubber prices witness improvement on Saturday

22 Feb 2021 Evaluate

Physical Rubber prices witnessed improvement on Saturday on the back of improved demand outlook following the progress in the vaccination drives and renewed optimism on global economy.

Spot prices for RSS-4 variety rose to Rs 158/ kg compared to its previous closing of Rs 157.50/ kg; while the RSS-5 variety gained to Rs 154/ kg compared to its previous closing of Rs 153/ kg. In the futures market, March delivery gained to Rs 160.40 compared to its previous closing of Rs 159.58 on the Indian Commodity Exchange Limited (ICEX).

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