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Physical Rubber extends weakness on Monday

15 Oct 2024 Evaluate

Physical Rubber extended weakness on Monday, pressured by the sluggish demand from domestic industrial consumers at prevailing higher rates. However, persisting concerns about a global natural rubber supply shortage limited some losses in the session.

Spot prices for RSS-4 variety fell at Rs 201/ kg compared to its previous closing of Rs 203/ kg; while the RSS-5 variety declined at Rs 197/ kg compared to its previous closing of Rs 199/ kg.