MoneyWorks4Me

Physical Rubber prices rule flat on Friday

13 Sep 2024 Evaluate
Physical Rubber prices ruled flat on Friday, due to lack of directional cues in the market. Demand outlook remains subdued with the wilting economic growth concerns in China, the world’s largest buyer. However, mounting supply concerns, with the Heavy rainfall, triggered by super typhoon Yagi, in the key Southeast Asian production areas checked the losses.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at its previous closing of Rs 229/ kg and Rs 226/ kg, respectively.

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