Physical Rubber prices showed weakness on Wednesday due to buyer resistance in the market following growing fears about the corona virus pandemic globally. Though, some losses were capped by gains on TOCOM following expectations of economic recovery from the corona virus crisis. Spot prices for RSS-4 variety declined to 115/kg compared to its previous closing of Rs 116/kg; while the RSS-5 variety fell to 109/kg compared to its previous closing of Rs 110/kg.
In the futures market, June delivery gained to Rs 113.14 compared to its previous closing of Rs 112.06, on the Indian Commodity Exchange Limited (ICEX).