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Physical Rubber prices witness weakness on Friday

03 Jun 2023 Evaluate

Physical Rubber prices witnessed weakness on Friday due to low industrial demand, despite data showed India’s natural rubber consumption increased to a record high of 13.5 lakh tons in the 2022-23 financial year. Rubber prices weakened further on looming economic slowdown fears globally.

Spot prices for RSS-4 variety declined to Rs 156.50/ kg compared to its previous closing of Rs 157/ kg; while the RSS-5 variety fell to Rs 154/ kg compared to its previous closing of Rs 154.50/ kg.

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