Physical Rubber prices showed some weakness on Monday as weak demand and hopes of rising supplies kept the rubber prices under pressure. Moreover, worries over recovery in global demand due to the new variant of the virus also weighed sentiment. Spot prices for RSS-4 variety fell to 152.50/ kg compared to its previous closing of Rs 153/ kg; while the RSS-5 variety remained unchanged at Rs 142/ kg.
In the futures market, January delivery lost to Rs 154.10 compared to its previous closing of Rs 154.16, on the Indian Commodity Exchange Limited (ICEX).