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.