MoneyWorks4Me

Physical Rubber prices witness improvement on supply shortages globally

07 May 2021 Evaluate

Physical Rubber prices witnessed improvement on Thursday following supply shortages globally, although concerns regarding resurgence of Covid-19 cases capped some gains. Spot prices for RSS-4 variety gained to Rs 169/ kg compared to its previous closing of Rs 168/ kg; while the RSS-5 variety rose to Rs 166/ kg compared to its previous closing of Rs 165/ kg.

In the futures market, May delivery gained to Rs 170.25 compared to its previous closing of Rs 169.78 on the Indian Commodity Exchange Limited (ICEX).