COMMODITY
Physical Rubber prices extend some weakness on Thursday
Apr-16-2021

Physical Rubber prices extended some weakness on Thursday amid worries over rising corona-virus cases in the Country. However, declining supplies capped further fall in rubber prices. Globally rubber supplies are shrinking largely due to both snarled global shipping lines along with China’s stockpiling of the material. Spot prices for RSS-4 variety weakened to Rs 167.50/ kg compared to its previous closing of Rs 168/ kg; while the RSS-5 variety remained unchanged at Rs 163/ kg.

In the futures market, May delivery lost to Rs 170 compared to its previous closing of Rs 170.35 on the Indian Commodity Exchange Limited (ICEX).

  RELATED NEWS >>