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Physical Rubber prices extend weakness on Friday

04 Dec 2021 Evaluate

Physical Rubber prices extended weakness on Friday due to buyer resistance in the market following expectations for a subsequent improvement in production and arrivals. Further, weaker demand outlook for the rubber globally due to concerns over the Omicron variant also pressurising rubber prices.

Spot prices for RSS-4 variety fell to 187/ kg compared to its previous closing of Rs 189/ kg; while the RSS-5 variety declined to 184/ kg compared to its previous closing of Rs 186/ kg.