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Physical Rubber prices extend weakness on buyer resistance

04 Sep 2021 Evaluate

Physical Rubber prices extended weakness on Thursday amidst buyer resistance in the market, while persisting concerns around corona-virus and expectations of subsequent improvement in arrivals also pressurized rubber prices.

Spot prices for RSS-4 variety fell to Rs 179/ kg compared to its previous closing of Rs 179.50/ kg; while the RSS-5 variety declined to Rs 177.50/ kg compared to its previous closing of Rs 178/ kg.