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Physical Rubber prices witness some strength on Tuesday

05 Apr 2023 Evaluate
Physical Rubber prices witnessed some strength on Tuesday, after ANRPC reported that natural rubber consumption registered a 7.3% year-on-year increase during February, following a 17% decline the month before. Moreover, firm demand with lower output expectations also supported rubber prices’ upside movement. 

Spot prices for RSS-4 variety unchanged at its previous closing of Rs 150/ kg; while the RSS-5 variety rose to Rs 148/ kg compared to its previous closing of Rs 147.50/ kg.