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Wednesday, January 26, 2022

India: Physical Rubber prices witnessed improvement on Tuesday

Physical Rubber prices showed some improvement on Tuesday, tracking the sustained gains in domestic futures. Further, supply concerns owing to widespread rains and covering purchases at lower levels too kept the sentiments bullish.

Spot prices for RSS-4 variety jumped to 133.50/ kg compared to its previous closing of Rs 130.50/ kg; while the RSS-5 variety climbed to 128.50/ kg compared to its previous closing of Rs 127.50/ kg.

In the futures market, contract of June delivery firmed up to Rs 135.10 compared to its previous closing of Rs 132.74, while July delivery closed at Rs 135.82 compared to its previous close of Rs 133.54 on the National Multi Commodity Exchange (NMCE).

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