Physical Rubber prices witness weakness on Saturday

19 Apr 2021 Evaluate

Physical Rubber prices witnessed weakness on Saturday due to sharp slowdown in domestic demand even as automakers globally are struggling with rubber supply shortage issues. Besides, scattered transactions in the market too kept the sentiments under pressure.

Spot prices for RSS-4 variety fell to Rs 166.50/ kg compared to its previous closing of Rs 167.50/ kg; while the RSS-5 variety declined to Rs 162.50/ kg compared to its previous closing of Rs 163.50/ kg. In the futures market, May delivery lost to Rs 168.20 compared to its previous closing of Rs 169.94 on the Indian Commodity Exchange Limited (ICEX).

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