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Physical Rubber prices extend weakness on tepid demand

15 Jul 2019 Evaluate

Physical Rubber prices extended weakness on Saturday amid tepid demand from stockiest and expectations of higher supply in coming weeks. Spot prices for RSS-4 variety declined to 148.50/ kg compared to its previous closing of Rs 149/ kg; while the RSS-5 variety fell to 146/ kg compared to its previous closing of Rs 146.50/ kg.

In the futures market, August delivery gained to Rs 142.80 compared to its previous closing of Rs 142.01, while September delivery was at Rs 135.01 compared to its previous close of Rs 138.72 on the Indian Commodity Exchange Limited (ICEX).

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