COMMODITY
Physical Rubber prices witness firmness on Wednesday
Nov-21-2019

Physical Rubber prices showed firmness on Wednesday as the market strengthened on the back of investors' covering purchases following the news on enquiries from the tyre sector. Moreover, overall improvement in global rubber prices along with lack of quantity sellers in the local trading houses too supported rubber prices. Spot prices for RSS-4 variety gained to 129.50/ kg compared to its previous closing of Rs 129/ kg; while the RSS-5 variety jumped to 126.50/ kg compared to its previous closing of Rs 126/ kg.

In the futures market, December delivery fell to Rs 132.60 compared to its previous closing of Rs 132.84, while January delivery was at Rs 134 compared to its previous close of Rs 133.70 on the Indian Commodity Exchange Limited (ICEX).

 

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