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Physical Rubber prices witness weakness on Monday

25 Feb 2020 Evaluate

Physical Rubber prices witnessed weakness on Monday due to dull demand in the market, while an ongoing supply crunch in the market following expectation of lower domestic output and fall in imports supported sentiment. Spot prices for RSS-4 variety declined to 135.50/kg compared to its previous closing of Rs 136/kg; while the RSS-5 variety fell to 130.50/kg compared to its previous closing of Rs 131/kg.

In the futures market, March delivery fell to Rs 133.50 compared to its previous closing of Rs 133.61, April delivery was trading at Rs 136.50 compared to its previous close of Rs 136.49 on the Indian Commodity Exchange Limited (ICEX).

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