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20-Feb2019

Physical Rubber prices witness improvement on Tuesday

Physical Rubber prices showed improvement on Tuesday as sellers stayed back following the enquiries from the tyre sector. However, expectations of a rise in rubber imports capped sharp gains in prices. Spot prices for RSS-4 variety gained to 124/ kg compared to its previous closing of Rs 123.50/ kg; while the RSS-5 variety jumped to 118/ kg compared to its previous closing of Rs 117/ kg.

In the futures market, March delivery rose to Rs 127.38 compared to its previous closing of Rs 127.36, while April delivery was at Rs 129.99 compared to its previous close of Rs 130.27 on the Indian Commodity Exchange Limited (ICEX).


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