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Physical Rubber prices witness weakness on Tuesday

25 Sep 2024 Evaluate

Physical Rubber prices witnessed weakness on Tuesday due to weak demand at domestic markets, even as acute shortage of natural rubber limited further falls in rubber prices. Meanwhile, the All India Rubber Industries Association predicted a potential 5-7% decline in rubber prices from current levels in the near term due to the slowdown in the automotive sector. 

Spot prices for RSS-4 variety fell at Rs 228/ kg compared to its previous closing of Rs 229/ kg; while the RSS-5 variety declined at Rs 225/ kg compared to its previous closing of Rs 226/ kg.


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