Physical Rubber prices remained unchanged on Monday. Improved demand from certain tyre makers coupled with supply constraints supported rubber prices to some extent. As per the tyre industry body, natural rubber consumption is expected to increase further and the annual demand is expected to cross 13 lakh tonnes this fiscal. While, lingering worries over Covid-19 pandemic limited further up move. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 177.50/ kg and Rs 176/ kg respectively.
In the futures market, September delivery gained Rs 177.60 compared to its previous closing of Rs 177.25 on the Indian Commodity Exchange Limited (ICEX).
