COMMODITY
Physical Rubber prices witness some weakness on Wednesday
Dec-05-2019

Physical Rubber prices showed some weakness on Wednesday, due to buyer resistance in the market following decline in the domestic and global trendsetters. Though, tight supply and expectation of a fall in global output due to a severe pest attack in major producing countries such as Thailand, Indonesia, and Malaysia, limited the downside. Spot prices for RSS-4 variety remained unchanged at Rs 130.50/ kg; while the RSS-5 variety declined to 127/ kg compared to its previous closing of Rs 127.50/ kg.

In the futures market, December delivery gained to Rs 133 compared to its previous closing of Rs 132.44, while January delivery was at Rs 135 compared to its previous close of Rs 133.16 on the Indian Commodity Exchange Limited (ICEX).

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