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Physical Rubber prices witness improvement on Tuesday

03 Nov 2021 Evaluate

Physical Rubber prices witnessed improvement on Tuesday due to firm domestic demand. Further, supply concerns following continuous rains in the major producing belts too keeping the prices supportive at current levels. Spot prices for RSS-4 variety gained to Rs 177/ kg compared to its previous closing of Rs 176/ kg; while the RSS-5 variety firmed to Rs 173.50/ kg compared to its previous closing of Rs 173/ kg.

In the futures market, November delivery lost to Rs 174.40 compared to its previous closing of Rs 174.95 on the Indian Commodity Exchange Limited (ICEX).

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