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Physical Rubber prices extend weakness on Tuesday

30 Jun 2021 Evaluate

Physical Rubber prices extended weakness on Tuesday, even as sustained demand from the north Indian buyers supported rubber prices and capped its fall. Spot prices for RSS-4 variety declined to Rs 167.50/ kg compared to its previous closing of Rs 168.50/ kg; while the RSS-5 variety fell to Rs 165/ kg compared to its previous closing of Rs 166/ kg.

In the futures market, July delivery lost to Rs 172.40 compared to its previous closing of Rs 172.77 on the Indian Commodity Exchange Limited (ICEX).

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