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08-Mar2019

Physical Rubber prices witness weakness on Thursday

Physical Rubber prices showed weakness on Thursday, tracking declines in global markets. Though, some losses were capped by supply crunch at the domestic market. Spot prices for RSS-4 variety declined to 127.50/ kg compared to its previous closing of Rs 128/ kg; while the RSS-5 variety fell to 123.50/ kg compared to its previous closing of Rs 124/ kg.

In the futures market, March delivery fell to Rs 125.45 compared to its previous closing of Rs 125.83, while April delivery was at Rs 130.20 compared to its previous close of Rs 130.47 on the Indian Commodity Exchange Limited (ICEX).


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