Skip to main content

MoneyWorks4Me

Physical Rubber prices witness weakness on Tuesday

20 Jul 2022 Evaluate
Physical Rubber prices witnessed weakness on Tuesday, tracking weak trend at overseas markets amid renewed fears of Covid-19 lockdowns in China. Further, worries about a potential recession-driven demand downturn also adding pressure on rubber prices.

Spot prices for RSS-4 variety declined to Rs 174/ kg compared to its previous closing of Rs 174.50/ kg; while the RSS-5 variety fell to Rs 170.50/ kg compared to its previous closing of Rs 171/ kg.