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Physical Rubber prices extend gains on Tuesday

10 Mar 2021 Evaluate

Physical Rubber prices extended gains on Tuesday in tandem with gains in domestic futures and fresh enquiries from the non-tyre sector. Further, the rising temperature levels had affected the natural rubber yield during the last couple of weeks, which would affect the rubber production in the State, too supported rubber prices’ uptrend. Even though buyer resistance is still pressurizing rubber markets to some extent.

Spot prices for RSS-4 variety rose to Rs 163.50/kg compared to its previous closing of Rs 162/kg; while the RSS-5 variety gained to Rs 159/kg compared to its previous closing of Rs 157/kg. In the futures market, April delivery gained to Rs 166 compared to its previous closing of Rs 165.45 on the Indian Commodity Exchange Limited (ICEX).

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