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Physical Rubber prices witness strength on Monday

25 Jul 2023 Evaluate

Physical Rubber prices witnessed strength on Monday, supported by firm demand from industrial users. However, reports on rise in natural rubber production and China’s lacklustre economic growth capped some gains. Data showed that India’s natural rubber production registered a growth of 8.3% during the previous fiscal.

Spot prices for RSS-4 variety gained to Rs 153/ kg compared to its previous closing of Rs 152.50/ kg; while the RSS-5 variety rose to Rs 150/ kg compared to its previous closing of Rs 149.50/ kg.

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