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Physical Rubber prices extend gains on Monday

09 Mar 2021 Evaluate

Physical Rubber prices extended gains on Monday amidst fresh enquiries from the non-tyre sector. Even though buyer resistance is still pressurizing rubber markets to some extent.

Spot prices for RSS-4 variety rose to Rs 162/kg compared to its previous closing of Rs 161/kg; while the RSS-5 variety gained to Rs 157/kg compared to its previous closing of Rs 156/kg. In the futures market, April delivery lost to Rs 165.55 compared to its previous closing of Rs 165.66 on the Indian Commodity Exchange Limited (ICEX).

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