MoneyWorks4Me

Physical Rubber prices remain flat on Saturday

16 Sep 2024 Evaluate

Physical Rubber prices remained flat on Saturday due to sluggish demand amid the slowdown in the automotive sector. Meanwhile, adverse weather leads to natural rubber shortage in the country. India currently has a rubber shortfall of 550,000 to 560,000 tonnes that is only covered through imports.

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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