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Physical Rubber prices extend weakness on Monday

07 Dec 2021 Evaluate

Physical Rubber prices extended weakness on Monday due to curtailed demand stemming from concerns over spreading Omicron variant. Moreover, buyer resistance in the market following expectations for a subsequent improvement in production and arrivals also adding pressure on rubber prices. Spot prices for RSS-4 variety diminished to 185/ kg compared to its previous closing of Rs 186/ kg; while the RSS-5 variety declined to 182/ kg compared to its previous closing of Rs 183/ kg.

In the futures market, December delivery fell to Rs 187.50 compared to its previous closing of Rs 188.53 on the Indian Commodity Exchange Limited (ICEX).

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