COMMODITY
Physical Rubber prices witness improvement on Thursday
Jul-10-2020

Physical Rubber prices showed improvement on Thursday, driven by supply crunch in the market due to lean production season of the commodity. Further, expectations of pick-up in demand from tyre makers also supported prices. Spot prices for RSS-4 variety gained to 124/ kg compared to its previous closing of Rs 123/ kg; while the RSS-5 variety jumped to 120/ kg compared to its previous closing of Rs 119/ kg.

In the futures market, July delivery fell to Rs 126 compared to its previous closing of Rs 126.16, while August delivery was trading at Rs 129.40 compared to its previous close of Rs 129.07 on the Indian Commodity Exchange Limited (ICEX).

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