Physical Rubber prices remain unchanged on Saturday

03 May 2021 Evaluate

Physical Rubber prices remained unchanged on Saturday due to concerns over resurgence of corona-virus cases in the country, which could dampen demand for rubber. While, soaring crude oil prices and supply shortage issues have supported rubber prices to some extent.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 167/ kg and Rs 164/ kg respectively. In the futures market, May delivery gained to Rs 167 compared to its previous closing of Rs 166.30 on the Indian Commodity Exchange Limited (ICEX).

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