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Physical Rubber prices extend gains on Wednesday

06 Jul 2023 Evaluate

Physical Rubber prices extended gains on Wednesday due to strong demand from consuming industries, while tighter inventories also supported rubber price’ uptrend. Although, rate hike views from the US Fed minutes and Sino-US trade war fears limited further gains in rubber prices. 

Spot prices for RSS-4 variety gained to Rs 156/ kg compared to its previous closing of Rs 155/ kg; while the RSS-5 variety rose to Rs 152.50/ kg compared to its previous closing of Rs 152/ kg.


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