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Physical Rubber prices witness improvement on Monday

03 Aug 2021 Evaluate

Physical Rubber prices witnessed improvement on Monday supported by fresh buying at the domestic spot market, while the overall volumes were low. Moreover, the Association of Natural Rubber Producing Countries (ANRPC) said the country’s rubber goods manufacturing sector is anticipated to rebound in the remaining months of the year unless the pandemic takes another wave. However, concerns about rising Delta variant of coronavirus cases pressurizing prices. Spot prices for RSS-4 variety rose to Rs 171.50/ kg compared to its previous closing of Rs 171/ kg; while the RSS-5 variety gained to Rs 169.50/ kg compared to its previous closing of Rs 169/ kg.

In the futures market, August delivery gained to Rs 171.30 compared to its previous closing of Rs 171.20 on the Indian Commodity Exchange Limited (ICEX).


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