Physical Rubber prices witnessed firmness on Friday due to improved demand at domestic spot market, while the Association of Natural Rubber Producing Countries (ANRPC) said natural rubber prices will be expected to gain in the short-term in the global market on impending seasonal short-supply and surging demand from China. However, increased tapping of trees and worries of accelerated spread of Omicron corona-virus variant capped further gains in rubber prices.
Spot prices for RSS-4 variety gained to Rs 164/ kg compared to its previous closing of Rs 163/ kg; while the RSS-5 variety rose to Rs 160/ kg compared to its previous closing of Rs 159.50/ kg.
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