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Physical Rubber prices witness some weakness on Friday

30 Jul 2022 Evaluate
Physical Rubber prices witnessed some weakness on Friday on account of worries about a potential recession-driven demand downturn in the domestic market. Meanwhile, concerns over weak rubber demand in China and its ailing economy stemming from lockdowns also put pressure on world rubber prices.

Spot prices for RSS-4 variety declined to Rs 169/ kg compared to its previous closing of Rs 170/ kg; while the RSS-5 variety fell to Rs 165/ kg compared to its previous closing of Rs 166/ kg.

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