COMMODITY
Physical Rubber prices witness improvement on Wednesday
Jan-16-2020

Physical Rubber prices showed improvement on Wednesday due to rising demand from domestic stockists against ongoing supply crunch in the market. Further, fall in rubber imports too supported rubber prices’ uptrend. Spot prices for RSS-4 variety rose to Rs 137/ kg compared to its previous closing of Rs 136/ kg; while the RSS-5 variety jumped to 132/ kg compared to its previous closing of Rs 131/ kg.

In the futures market, February delivery gained to Rs 143.70 compared to its previous closing of Rs 142.41, while March delivery was at Rs 146.60 compared to its previous close of Rs 144.98 on the Indian Commodity Exchange Limited (ICEX).

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