Physical Rubber prices remain unchanged on Tuesday

Physical Rubber prices remained unchanged on Tuesday due to short supplies in the market. The Association of Natural Rubber Producing Countries (ANRPC) has predicted sustained momentum in natural rubber prices in the short-term following tight global supplies, improving demand and the resultant deficit. While, sharp declines in the global trendsetters put pressure on physical rubber prices. 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 was trading flat at its previous closing of Rs 191 on the Indian Commodity Exchange Limited (ICEX).