Skip to main content

MoneyWorks4Me

Physical Rubber prices witness weakness on Friday

25 Jul 2020 Evaluate

Physical Rubber prices showed weakness on Friday due to weak demand outlook from domestic buyers owing to surging corona virus pandemic cases globally. However, ongoing supply crunch in the market capped the fall. Spot prices for RSS-4 variety declined to 131/ kg compared to its previous closing of Rs 132/ kg; while the RSS-5 variety fell to 127/ kg compared to its previous closing of Rs 128/ kg.