Physical Rubber prices showed weakness on Thursday as worries over surging corona virus infections driven by a new variant of the virus kept the rubber prices under pressure. Hopes of increase in arrivals amid peak production season too further weighed on rubber prices. Spot prices for RSS-4 variety fell to 154.50/ kg compared to its previous closing of Rs 155/ kg; while the RSS-5 variety declined to 143/ kg compared to its previous closing of Rs 144/ kg.
In the futures market, January delivery lost to Rs 154 compared to its previous closing of Rs 154.74, while February delivery was at Rs 155 compared to its previous close of Rs 156.94 on the Indian Commodity Exchange Limited (ICEX).
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