Physical Rubber prices showed weakness on Wednesday in line with buyer resistance in the market. Reports showed tyre makers have started using technically specified rubber (TSR) grade ISNR 20 than RSS 4.
Spot prices for RSS-4 variety fell to Rs 160/ kg compared to its previous closing of Rs 160.50/ kg; while the RSS-5 variety declined to Rs 155/ kg compared to its previous closing of Rs 155.50/ kg. In the futures market, March delivery gained to Rs 165.09 compared to its previous closing of Rs 162.06 on the Indian Commodity Exchange Limited (ICEX).
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