MoneyWorks4Me

Physical Rubber prices extend weakness on Monday

26 Apr 2022 Evaluate

Physical Rubber prices extended weakness on Monday on account of sluggish demand in the domestic spot market. However, holding back of stocks by big dealers in anticipation of higher prices triggered a scarcity in the market.

Spot prices for RSS-4 variety fell to 167/ kg compared to its previous closing of Rs 167.50/ kg; while the RSS-5 variety declined to 163.50/ kg compared to its previous closing of Rs 164.50/ kg.

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