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Physical Rubber prices extend some weakness on tepid demand

16 Jul 2019 Evaluate

Physical Rubber prices extended some weakness on Monday amid tepid demand from stockiest and expectations of higher supply in coming weeks. Spot prices for RSS-4 variety declined to 148/ kg compared to its previous closing of Rs 148.50/ kg; while the RSS-5 variety remained unchanged at Rs 146/ kg.

In the futures market, August delivery gained to Rs 143.46 compared to its previous closing of Rs 143.06, while September delivery was at Rs 138.40 compared to its previous close of Rs 137.18 on the Indian Commodity Exchange Limited (ICEX).

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