Physical Rubber prices witnessed weakness on Friday amid sluggish demand at domestic spot markets. Moreover, concerns over China’s worst Covid-19 outbreak and expanding lockdowns dampened rubber prices globally.
Spot prices for RSS-4 variety declined to Rs 146/ kg compared to its previous closing of Rs 147/ kg; while the RSS-5 variety fell to Rs 142.50/ kg compared to its previous closing of Rs 143.50/ kg.