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Physical Rubber prices witness weakness on Thursday

10 Dec 2021 Evaluate

Physical Rubber prices witnessed weakness on Thursday due to sluggish demand from automotive industry against expectations for a subsequent improvement in production and arrivals. Meanwhile, the global production of natural rubber is projected to register a CAGR of 4.3% during the forecast period from 2021 to 2026.

Spot prices for RSS-4 variety fell to 183/ kg compared to its previous closing of Rs 184/ kg; while the RSS-5 variety declined to 180/ kg compared to its previous closing of Rs 181/ kg.