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Physical Rubber prices witness some firmness on Saturday

01 Sep 2020 Evaluate

Physical Rubber prices showed some firmness on Saturday due to improved demand against ongoing supply crunch in the market. Rubber prices also remained firm on expectations of a revival in global demand. The Association of Natural Rubber Producing Countries said global consumption is expected to increase 2.6 percent on-year in August-October. Rubber prices were unavailable on Monday as key markets in Kerala were shut on account of Onam.

Spot prices for RSS-4 variety gained to 136/ kg compared to its previous closing of Rs 135/ kg; while the RSS-5 variety remained unchanged at Rs 131/kg.

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