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Physical Rubber prices remain unchanged on Saturday

29 Nov 2021 Evaluate

Physical Rubber prices remained unchanged on Saturday due to short supplies in the market. The Automotive Tyre Manufacturers Association (ATMA) reported that as against the average domestic production in the range of 75,000 tonne each in the months of October and November, the same is not expected to exceed 45,000-50,000 tonne each in October and November of the current year, while natural rubber consumption is anticipated to remain over 1 lakh tonnes in each of these months. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 191/ kg and Rs 189/ kg respectively.

In the futures market, December delivery gained to Rs 190.80 compared to its previous closing of Rs 188.57 on the Indian Commodity Exchange Limited (ICEX).


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