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03-Apr2019

Physical Rubber prices witness gains on supply crunch

Physical Rubber prices showed some improvement on Tuesday due to ongoing supply crunch and improved demand from domestic stockists. 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 remained unchanged at Rs 125.50/ kg.

In the futures market, April delivery gained to Rs 131.33 compared to its previous closing of Rs 130.75, while May delivery was at Rs 133.44 compared to its previous close of Rs 132.42 on the Indian Commodity Exchange Limited (ICEX).


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