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Physical Rubber prices witness strength on Monday

04 Apr 2023 Evaluate
Physical Rubber prices witnessed strength on Monday after ANRPC reported that natural rubber consumption registered a 7.3% year-on-year increase during February, following a 17% decline the month before. Meanwhile, improved demand and lower output expectations also supported the upside. 

Spot prices for RSS-4 variety rose to Rs 150/ kg compared to its previous closing of Rs 149.50/ kg; while the RSS-5 variety gained to Rs 147.50/ kg compared to its previous closing of Rs 146.50/ kg.