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Physical Rubber prices witness improvement on Saturday

08 Mar 2021 Evaluate

Physical Rubber prices witnessed improvement on Saturday amidst fresh enquiries from the non-tyre sector, even as buyer resistance in the market is still pressurizing rubber prices to some extent.

Spot prices for RSS-4 variety rose to Rs 161/kg compared to its previous closing of Rs 160/kg; while the RSS-5 variety gained to Rs 156/kg compared to its previous closing of Rs 155.50/kg. In the futures market, April delivery gained to Rs 165.60 compared to its previous closing of Rs 161.96 on the Indian Commodity Exchange Limited (ICEX).