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Physical Rubber prices remain unchanged on Monday

14 Dec 2021 Evaluate
Physical Rubber prices remain unchanged on Monday, as the buying got muted tracking modest losses in international rates with the higher arrivals from growing belts. Though, managed to hover in previous closing rates as certain companies continued to insist for immediate deliveries. Meanwhile, the global supply of natural rubber is expected to decline from December 2021 onwards on account of the seasonal factor.

Spot prices for RSS-4 variety shrunk to 179/ kg compared to its previous closing of Rs 187/ kg; while the RSS-5 variety narrowed to 176/ kg compared to its previous closing of Rs 184/ kg.

In the futures market, January delivery dipped by 0.80% to Rs 187.00 compared to its previous closing of Rs 188.50 on the Indian Commodity Exchange Limited (ICEX).

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