Physical Rubber prices showed weakness on Thursday on account of tepid demand from tyre makers and domestic stockists, despite an ongoing supply crunch in the market. Further, a rapid spread of corona virus too dampened rubber prices. Spot prices for RSS-4 variety declined to 128/kg compared to its previous closing of Rs 128.50/kg; while the RSS-5 variety fell to 124/kg compared to its previous closing of Rs 124.50/kg.
In the futures market, April delivery gained to Rs 125.10 compared to its previous closing of Rs 124.37, on the Indian Commodity Exchange Limited (ICEX).