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Commodity News- Rubber prices Or Copper Futures
Physical Rubber prices witness improvement on Wednesday-
Physical Rubber prices showed improvement on Wednesday on account of expectations of higher demand from domestic stockists. Spot prices for RSS-4 variety rose to Rs 125/ kg compared to its previous closing of Rs 124.50/ kg; while the RSS-5 variety jumped to Rs 121.50/ kg compared to its previous closing of Rs 121/ kg.
In the futures market, January delivery fell to Rs 125.66 compared to its previous closing of Rs 126.02, while February delivery was at Rs 127.65 compared to its previous close of Rs 128.02 on the Indian Commodity Exchange Limited (ICEX).
Copper futures end tad higher on Wednesday-
Copper futures ended marginally higher on Wednesday after reports of fresh stimulus in the world’s top metal consumer China and signs of progress in Sino-US trade talks reinforced expectations of stronger growth and demand.
Copper futures for March delivery gained $0.0010 to settle at $2.657 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.9 percent at $5,958 a tonne.
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