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Physical Rubber prices extend weakness on Thursday

06 Sep 2024 Evaluate
Physical Rubber prices extended weakness on Thursday amidst rising concerns about a potential US recession in the markets. However, some losses were limited by shortage of natural rubber globally after the world's top producer Thailand’s meteorological agency warned of heavy rains that might cause flash flood from September 8-10.

Spot prices for RSS-4 variety fell at Rs 230/ kg compared to its previous closing of Rs 232/ kg; while the RSS-5 variety declined at Rs 227/ kg compared to its previous closing of Rs 229/ kg.

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