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Physical Rubber prices extend weakness on Wednesday

10 Sep 2020 Evaluate

Physical Rubber prices extended some weakness on Wednesday on account of sluggish demand from the tyre-makers, despite ongoing supply crunch in the market. Further, subdued outlook for crude oil prices at domestic as well as global markets in line with surging corona virus cases globally, too weighing on rubber prices.

Spot prices for RSS-4 variety fell to 134/ kg compared to its previous closing of Rs 134.50/ kg; while the RSS-5 variety remained unchanged at Rs 129/kg.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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