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19-Mar2019

Physical Rubber prices witness firmness on Monday

Physical Rubber prices showed firmness on Monday due to ongoing supply crunch in the domestic market and on expectation of a pick-up in demand from tyre manufacturers. Spot prices for RSS-4 variety rose to Rs 128.50/ kg compared to its previous closing of Rs 128/ kg; while the RSS-5 variety gained Rs 125/ kg compared to its previous closing of Rs 124.50/ kg.

In the futures market, April delivery rose to Rs 133.00 compared to its previous closing of Rs 132.21, while May delivery was at Rs 135.25 compared to its previous close of Rs 134.53 on the Indian Commodity Exchange Limited (ICEX).


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