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Physical Rubber prices extend gains on Thursday

06 Aug 2021 Evaluate

Physical Rubber prices extended gains on Thursday due to pick-up in demand from certain tyre companies against supply constraints in the market. The Kerala government's decision to relax ongoing coronavirus restrictions also supported rubber prices’ uptrend. Spot prices for RSS-4 variety rose to Rs 173/ kg compared to its previous closing of Rs 172.50/ kg; while the RSS-5 variety gained to Rs 171/ kg compared to its previous closing of Rs 170.50/ kg.

In the futures market, August delivery gained to Rs 172.10 compared to its previous closing of Rs 171.74 on the Indian Commodity Exchange Limited (ICEX).


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