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Physical Rubber prices witness weakness on Thursday

20 Mar 2020 Evaluate

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).

 

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