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Physical Rubber prices witness weakness on Monday

01 Aug 2023 Evaluate
Physical Rubber prices witnessed weakness on Monday amidst sluggish demand from industrial users in line with data showed that natural rubber production registered a growth of 8.3% during the previous fiscal. Although, expectations of further stimulus measures in China supported rubber prices to some extent globally.

Spot prices for RSS-4 variety fell to Rs 153/ kg compared to its previous closing of Rs 153.50/ kg; while the RSS-5 variety declined to Rs 150/ kg compared to its previous closing of Rs 150.50/ kg.

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